- Transaction: bought 200 at 3.94 CAD
- Transaction: bought 200 at 3.64 CAD
- Transaction: bought 200 at 3.49 CAD
- Sprott thesis price: 3.23 CAD
- Private placement prices: 4.43 and 5.94
TORONTO, ONTARIO--(Marketwire - Nov. 19, 2009) – Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold," "the Company" or "LSG") today announced an agreement with Hochschild Mining Holdings Ltd. ("Hochschild"), a wholly owned subsidiary of Hochschild Mining plc (LSE:HOC), to raise $85.0 million through a private placement transaction for 19.2 million shares at a price of $4.43 per share. In addition, the Company announced a non-brokered structured flow-through financing co-led by Wellington West Capital Markets Inc. and Canaccord Capital Corporation for the issuance of 2.7 million shares at an average price of $5.94 per share for net proceeds of $15.0 million.
