TransactionsLake Shore Gold Corporation and West Timmins Mining Inc. Complete Business CombinationPublished: 11/30/2009 By Mark T. Bennett, Jay Goldman, Alexandra Iliopoulos, Christopher B. Norton, Alexander Pizale On November 6, 2009, Lake Shore Gold Corp. and West Timmins Mining Inc. completed their business combination. Under the terms of the Business Combination Agreement, Lake Shore Gold has acquired all of the outstanding common shares of West Timmins with West Timmins shareholders receiving 0.73 of a Lake Shore Gold common share for each common share of West Timmins. Lake Shore Gold is issuing approximately 104 million common shares through the transaction. Through the Business Combination Agreement, Lake Shore Gold has acquired West Timmins' 40% interest in the Thunder Creek property as well as approximately 120 square kilometres of additional highly prospective exploration property in close proximity to Thunder Creek and the Company's Timmins Mine. In addition, the transaction also provides Lake Shore Gold with 100% ownership of the high-grade Lluvia de Oro gold-silver and polymetallic Montana de Oro projects in Mexico. Cassels Brock acted for Lake Shore Gold Corp. with a team that included Jay Goldman (Securites and Mining), Alexandra Iliopolous (Securites), Alexander Pizale (Securites), Jason MacIntosh (Securites), Chris Norton (Tax), Duane Milot (Tax) and Mark Bennett (Securites and Mining). |