Offering sells 6.9 million flow-through common shares at C$1.45 apiece
By Devika Patel
Knoxville, Tenn., Nov. 30 – Lake Shore Gold Corp. said it raised C$10,005,000 in a non-brokered private placement of stock on Nov. 26.
The company sold 6.9 million flow-through common shares at C$1.45 per share. The price per share is a 45% premium to the Nov. 25 closing share price of $1.00.
Proceeds will be used for exploration.
The gold explorer is based in Saskatoon, Sask.
| Issuer: | Lake Shore Gold Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$10,005,000
|
| Shares: | 6.9 million
|
| Price: | C$1.45
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Nov. 26
|
| Stock symbol: | Toronto: LSG
|
| Stock price: | C$1.00 at close Nov. 25
|
| Market capitalization: | C$447.18 million
|
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