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Stock Market & Financial Investment News

News Breaks
February 1, 2013
09:30 EDTLSGLake Shore Gold to draw $35M standby line of credit
Lake Shore Gold announced that the company has finalized the drawdown of the company's $35M standby credit facility with Sprott Resource Lending Partnership. Details of the Facility were announced in press releases issued by the Company on April 11, 2012, and June 14, 2012. Consistent with the terms of the Facility, which was available to be drawn until March 31, the company paid a drawdown fee satisfied through the issuance of 885,964 common shares of Lake Shore Gold.
News For LSG From The Last 14 Days
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February 10, 2016
10:01 EDTLSGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Antero Resources (AR) downgraded to Neutral from Buy at Goldman... Apollo Investment (AINV) downgraded to Sell from Neutral at Citi... BBA Aviation (BBAVY) downgraded to Neutral from Buy at Goldman... CM Finance (CMFN) downgraded to Outperform from Strong Buy at Raymond James... CTI BioPharma (CTIC) downgraded to Sell from Hold at WallachBeth... Calix (CALX) downgraded to Market Perform from Outperform at Cowen... ConocoPhillips (COP) downgraded to Peer Perform from Outperform at Wolfe Research... Fifth Street Finance (FSC) downgraded to Neutral from Overweight at JPMorgan... Fortis (FRTSF) downgraded to Neutral from Outperform at Credit Suisse... ITC Holdings (ITC) downgraded to Market Perform from Outperform at Wells Fargo... KapStone (KS) downgraded to Hold from Buy at Deutsche Bank... Knight Transportation (KNX) downgraded to Hold from Buy at Evercore ISI... Lake Shore Gold (LSG) downgraded to Sector Performer from Outperformer at CIBC... Medley Capital (MCC) downgraded to Hold from Buy at Jefferies... Pandora (P) downgraded to Market Perform from Outperform at Cowen... Parker-Hannifin (PH) downgraded to Hold from Buy at Evercore ISI... Parkway Properties (PKY) downgraded on real estate headwinds, valuation at Stifel... Plains GP Holdings (PAGP) downgraded to Neutral from Outperform at Credit Suisse... Ruckus Wireless (RKUS) downgraded to Neutral from Buy at SunTrust... SolarCity (SCTY) downgraded to Neutral from Buy at Roth Capital... Tahoe Resources (TAHO) downgraded to Sector Perform from Outperform at RBC Capital... USANA (USNA) downgraded to Neutral from Buy at DA Davidson... Valero (VLO) downgraded to Buy from Conviction Buy at Goldman... Western Union (WU) downgraded to Neutral from Outperform at Macquarie... XL Group (XL) downgraded to Sell from Hold at Deutsche Bank.
08:47 EDTLSGLake Shore Gold downgraded to Sector Performer from Outperformer at CIBC
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February 8, 2016
07:34 EDTLSGTahoe Resources and Lake Shore Gold to host conference call
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07:03 EDTLSGTahoe Resources to acquire Lake Shore Gold
Tahoe Resources (TAHO) and Lake Shore Gold (LSG) announced that they have entered into a definitive agreement whereby Tahoe will acquire all of the issued and outstanding shares of Lake Shore Gold. Under the terms of the Arrangement Agreement, all of the Lake Shore Gold issued and outstanding common shares will be exchanged on the basis of 0.1467 of a Tahoe common share per each Lake Shore Gold common share. Upon completion of the Transaction, existing Tahoe and Lake Shore Gold shareholders will own approximately 74% and 26% of the pro forma company, respectively, on a fully-diluted in-the-money basis. The Exchange Ratio implies a consideration of C$1.71 per Lake Shore Gold common share, based on the closing price of Tahoe common shares on the Toronto Stock Exchange on February 5, representing a 14.8% premium to the closing price of Lake Shore Gold on February 5 and a 28.6% premium to the closing share of Lake Shore Gold on February 4. Based on each company's 20-day volume weighted average price on the TSX, the Exchange Ratio implies a premium of 25.7% and 30.4% to Lake Shore Gold common shares for the periods ending February 5, 2016 and February 4, 2016, respectively. The implied equity value is equal to C$945M.
07:01 EDTLSGTahoe Resources to acquire Lake Shore Gold
February 5, 2016
15:01 EDTLSGLake Shore Gold says not aware of any developments to account for stock activity
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13:07 EDTLSGLake Shore Gold trading halted, pending news
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