TSX:LSG.DB - Post by User
Comment by
idlefreebirdon Dec 26, 2014 1:01pm
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Post# 23265726
RE:RE:RE:RE:RE:Lake shore Gold Corp should really think about a merger
RE:RE:RE:RE:RE:Lake shore Gold Corp should really think about a merger this was aquisition of Bell Creek in 2007.
TORONTO, ONTARIO--(Marketwire - Dec. 18, 2007) - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore" or "the Company") has finalized the acquisition of the Bell Creek mine and mill in Timmins, Ontario from Goldcorp Canada Ltd. and Kinross Gold Corporation.
The acquisition includes the Bell Creek mine property, a hoist, headframe and underground infrastructure, a 1,500 tonne per day mill with permitted tailings facilities, plus all surface infrastructure, including office buildings and road and hydro access.
Consideration for the acquisition will consist of $7.5 million in cash and $2.5 million worth of Lake Shore common shares at a price of $1.51 per share (1,655,629 shares), as well as two million warrants exercisable for a period of two years at $2.41 per share.