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7/16/15

Lake Shore Gold (LSG.to) and Goldcorp (GG): Temex thickens the plot

Want more evidence that Goldcorp is about to buy Lake Shore Gold? Today's news gives you just that:
TORONTO, ONTARIO--(Marketwired - Jul 16, 2015) - Lake Shore Gold Corp. (LSG)(NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") today announced that it has submitted a binding proposal to Temex Resources Corp. ("Temex") for the acquisition of all of the common shares of Temex. Under the terms of the proposal, Temex shareholders would receive, for each Temex share, 0.105 of a Lake Shore Gold share, having a value of $0.13 based on the closing price of Lake Shore Gold's shares on the TSX on July 15, 2015. 
Temex holds a 60% interest in a joint venture (for which Temex is the operator) with Goldcorp Canada Ltd. on the Whitney Property ("Whitney), immediately adjacent to Lake Shore Gold's Bell Creek Mine and Mill. (continues)