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News Breaks | | | | February 1, 2013 | | 09:30 EDT |  | LSG | Lake 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. | |
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