Cassels Brock Represents Lake Shore Gold in its Bought Deal $103.5 Million Convertible Senior Unsecured Debenture Offering

Published: 09/26/2012

By Jay Goldman, Alexandra Iliopoulos, Philip Long, Charles Newman

On September 7, 2012, Lake Shore Gold Corp. (“Lake Shore”) completed its bought deal public offering (the "Offering") of $90 million principal amount of 6.25% convertible senior unsecured debentures (the "Debentures").  On September 18, 2012, Lake Shore completed the sale of an addition $13.5 million principal amount of Debentures pursuant to the exercise of the over allotment option by the underwrites.

The Offering was made through a syndicate of underwriters led by BMO Capital Markets and including CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion Securities Inc. and TD Securities Inc.

Cassels Brock acted as counsel to Lake Shore with a team that included Jay Goldman (Securities and Mining), Alex Iliopolous (Securities and Mining), Charles Newman (Financial Services), Philip Long (Securities and Mining).