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| Home : Lake Shore Gold Extends Maturity of Standby Line of Credit and Reduces Debt Levels |
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Dec 17
2013 |
Lake Shore Gold Extends Maturity of Standby Line of Credit and Reduces Debt Levels |
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TORONTO, ONTARIO--(Marketwired - Dec. 16, 2013) - Lake Shore Gold Corp. (TSX:LSG)(NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") today announced that the Company has entered into a modification agreement (the "Modification Agreement" or the "Agreement") with its secured lender, Sprott Resource Lending Partnership ("Sprott"), in order to extend the maturity of the Company's standby line of credit (the "Standby Line"). Under terms of the Modification Agreement, the Company will repay the Standby Line through 18 equal monthly payments of outstanding principal plus accrued interest starting on June 30, 2015 with the final monthly payment due on November 30, 2016. Previously, the Standby Line was due in full on January 1, 2015. |
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| Source:http://www.marketwired.com/mw/release.do?id=1862843&sourceType=3 |
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