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Lake Shore Gold completes C$20 million acquisition of Bell Creek West property from Goldcorp and Goldcorp Canada

Date Closed

December 17, 2009

Lead Office



20.00 Million CAD

On December 17, 2009, Lake Shore Gold acquired additional gold exploration property adjacent to its existing Bell Creek Complex near Timmins, Ontario, known as the Bell Creek West property, from Goldcorp and Goldcorp Canada. The purchase price for this property was C$20 million, consisting of C$15 million in cash and the remainder in newly-issued Lake Shore Gold common shares.

Lake Shore Gold Corp is a gold mining company. It operates, explores, and develops three gold complexes located in the Timmins gold Camp in Timmins, Ontario. The Company also has certain exploration properties in Quebec and Mexico.

McCarthy Tétrault advised Lake Shore with a team that was led by Brian Graves, and included Jamie Orzech, Nigel Johnston, and Daniel Bornstein.