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Share sale generates $20M for Lake Shore Gold.


Lake Shore Gold has been given $20 million for their ongoing exploration and development work in Northern Ontario Northern Ontario is the part of the province of Ontario which lies north of Lake Huron (including Georgian Bay), the French River and Lake Nipissing.

Northern Ontario has a land area of 802,000 km² (310,000 mi²) and constitutes 87% of the land area of Ontario, although it
 and Quebec Quebec, city, Canada
Quebec, Fr. Québec, city (1991 pop. 167,517), provincial capital, S Que., Canada, at the confluence of the St. Lawrence and St. Charles rivers.
.

The Vancouver miner announced their deal financing closed Feb. 14.

A syndicate Syndicate

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 and including Haywood Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation and Octagon Capital Corporation, purchased two million flow-through shares and more than seven million common shares in the company.

The company has several gold and base metal properties in the Timmins gold camp and northwestern Quebec.
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Title Annotation:AROUND THE NORTH
Publication:Northern Ontario Business
Geographic Code:1CANA
Date:Mar 1, 2006
Words:85
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