Lake Shore Gold Announces Offering of C$90M Convertible Senior Notes

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Lake Shore Gold (NYSE: LSG) announced that it has increased the size of its previously announcedpublic offering, on a "bought deal" basis, to C$90 million principalamount of convertible senior unsecured debentures, at a price ofC$1,000 per debenture, with an interest rate of 6.25% per annum,payable semi-annually on the last day of March and Septembercommencing on March 31, 2013 (the "Debentures"). The Debentures willmature on September 30, 2017. The transaction was upsized from theoriginal amount of C$75 million.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!