Lake Shore Gold Announces Offering of C$90M Convertible Senior Notes
Tickers: LSG
Lake Shore Gold (NYSE: LSG) announced that it has increased the size of its previously announced public offering, on a "bought deal" basis, to C$90 million principal amount of convertible senior unsecured debentures, at a price of C$1,000 per debenture, with an interest rate of 6.25% per annum, payable semi-annually on the last day of March and September commencing on March 31, 2013 (the "Debentures"). The Debentures will mature on September 30, 2017. The transaction was upsized from the original amount of C$75 million.
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