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| Home : Lake Shore Gold to Repay $20 Million Standby Line of Credit |
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Dec 18
2014 |
Lake Shore Gold to Repay $20 Million Standby Line of Credit |
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TORONTO, ONTARIO--(Marketwired - Dec. 17, 2014) - Lake Shore Gold Corp. (TSX:LSG)(NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") today announced that it will repay the $20.0 million outstanding balance on its standby line of credit (the "Standby Line") on December 31, 2014. Under the terms of an agreement with Sprott Resource Lending Partnership ("Sprott"), the Company will repay the $20.0 million of principal and pay approximately $1.4 million in fees. By repaying the remaining balance in December 2014, the Company will save over $2.4 million of interest over the remaining term of the debt (to November 2016), including $1.8 million during 2015. |
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| Source:http://www.marketwired.com/mw/release.do?id=1977615&sourceType=3 |
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