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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (58273)	4/9/2008 1:41:37 AM
From: onepath	Read Replies (2) \| Respond to of 78407

Switch to this news...long time coming. Eastfield, Lysander get TSX-V approval for spinoff 2008-04-08 18:54 ET - News Release Also News Release (C-LYM) Lysander Minerals Corp Mr. J.W. (Bill) Morton of Eastfield reports EASTFIELD / LYSANDER PLANS OF ARRANGEMENT - SPIN-OFF OF LORRAINE COPPER CORP. EFFECTIVE DATE SET The TSX Venture Exchange has given its final approval to the plans of arrangement filed by each of Eastfield Resources Ltd. and Lysander Minerals Corp., which provide for the listing of the shares of a new company, Lorraine Copper Corp. The shares of Lorraine will commence trading as a Tier 2 company on the exchange under the TSX-V trading symbol LCC upon completion of the listing requirements of the exchange. Under the plans of arrangement, each of Eastfield and Lysander shall contribute their respective interests in the Jajay-Lorraine-Jan-Tam-Misty property located in the Omineca mining division of British Columbia (the Lorraine-Jajay property) and $150,000 of working capital (for a total of $300,000) to Lorraine. The Lorraine-Jajay property is host to alkalic porphyry copper-gold-silver deposits, and is located 280 kilometres northwest of Prince George, B.C. The Lorraine-Jajay property is currently being explored by Teck Cominco Ltd. (TCL) under an option agreement whereby TCL may earn up to a 65-per-cent interest in the Lorraine-Jajay property. Each of Eastfield and Lysander shall retain their respective interests in their other mineral properties. The effective date of the Eastfield plan of arrangement has been set at April 16, 2008, which has also been determined as the record date for Eastfield shareholders to participate in the plan of arrangement. Eastfield shareholders of record on April 16, 2008, will subsequently receive approximately 0.451 of one common share of Lorraine for every share of Eastfield that they own, while still retaining their Eastfield shareholdings. Purchasers of Eastfield shares with settlement after the effective date will not receive Lorraine shares pursuant to the plan of arrangement. Take note that standard settlement terms for most brokerage firms are three business days following the date of purchase. The Eastfield plan of arrangement is more fully described in an information circular dated Oct. 23, 2007, in connection with a special general meeting of shareholders which was held on Nov. 27, 2007. The effective date of the Lysander plan of arrangement has been set at April 16, 2008, which has also been determined as the record date for Lysander shareholders to participate in the plan of arrangement. Lysander shareholders of record on April 16, 2008, will subsequently receive approximately 0.914 of one common share of Lorraine for every share of Lysander that they own, while still retaining their Lysander shareholdings. Purchasers of Lysander shares with settlement after the effective date will not receive Lorraine shares pursuant to the plan of arrangement. Take note that standard settlement terms for most brokerage firms are three business days following the date of purchase. The Lysander plan of arrangement is more fully described in an information circular dated Oct. 29, 2007, in connection with a special general meeting of shareholders which was held on Nov. 27, 2007. A total of 40 million common shares in the capital of Lorraine shall be issued (20 million shares, on a pro rata basis, to the shareholders of each of Eastfield and Lysander) in connection with the plans of arrangement. Eastfield and Lorraine have entered into a warrant exercise agreement whereby the holders of certain warrants of Eastfield shall be entitled to receive, upon exercise, one common share in the capital of Eastfield, and approximately 0.451 of one common share in the capital of Lorraine. The exercise price of such Eastfield warrant shall be allocated 60 per cent to Eastfield and 40 per cent to Lorraine. There are 750,000 outstanding Eastfield warrants which are exercisable at 22 cents per share until Aug. 9, 2008. Lysander and Lorraine have entered into a warrant exercise agreement whereby the holders of certain warrants of Lysander shall be entitled to receive, upon exercise, one common share in the capital of Lysander, and approximately 0.914 of one common share in the capital of Lorraine. The exercise price of such Lysander warrant shall be allocated 60 per cent to Lysander and 40 per cent to Lorraine. There are 250,000 outstanding Lysander warrants which are exercisable at 40 cents per share until March 9, 2009. Further information concerning Lorraine and the Lorraine-Jajay property can be found in the listing application dated March 14, 2008, and a technical report on the Lorraine-Jajay property prepared G.L. Garratt and Joseph E.L. Lindinger, PGeo, dated Feb. 4, 2008, both of which are available on SEDAR. We seek Safe Harbor.

To: tyc:> who wrote (58273)	4/16/2008 3:21:51 AM
From: onepath	Read Replies (1) \| Respond to of 78407

News on LSG.T....makes no sense that this trades at this level. Lake Shore investor Hochschild to boost holdings to 35% 2008-04-16 02:37 ET - News Release Mr. Tony Makuch reports LAKE SHORE GOLD CORP. ANNOUNCES REVISED AGREEMENT WITH HOCHSCHILD MINING; SECOND PRIVATE PLACEMENT PRICED AT 44% PREMIUM TO MARKET Lake Shore Gold Corp. has reached a revised agreement with Hochschild Mining Holdings Ltd., a wholly owned subsidiary of Hochschild Mining PLC, to raise $79-million through a private placement transaction. The transaction will allow Hochschild to increase its interest in the company to 35 per cent of issued and outstanding common shares from its current ownership of 19.9 per cent. Subject to shareholder approval of the transaction and the termination of the company's shareholders' rights plan, Hochschild has the right to acquire approximately 32.9 million common shares at a price of $2.40 per share, a 44-per-cent premium to the closing price on Tuesday, April 15, 2008. Hochschild will also have a right to increase its ownership to 40 per cent, on a fully diluted basis, through market and private agreement transactions. Hochschild has agreed to a standstill with Lake Shore Gold, limiting its shareholdings to no more than 40 per cent, on a fully diluted basis, until Nov. 22, 2010. Anthony (Tony) Makuch, president and chief executive officer of Lake Shore Gold, commented: "Hochschild's desire to increase its interest in Lake Shore Gold by an additional 15.1 per cent at a 44-per-cent premium to market illustrates its strong support for, and belief in, our vision to become Canada's next intermediate gold producer. The $79-million from the second private placement would benefit all of our shareholders, as it gives us the capital required to develop and commence production at our Timmins West mine, to recommission our 100-per-cent-owned Bell Creek mill and to significantly advance our other projects in the Timmins area, including the Bell Creek mine and the Vogel and Schumacher properties. While considerable work remains, we fully expect Lake Shore Gold to be a very different company by the end of 2010, a gold producer with quality assets that is growing internally and through the pursuit of attractive acquisition and joint-venture opportunities." The private placement transaction follows an initial private placement with Hochschild, which was completed in February, 2008, through which Lake Shore Gold raised $64.7-million by issuing to Hochschild 28,172,301 common shares at a price of $2.30 per share, a 30-per-cent premium to the then market price. At the time of the initial financing, the company and Hochschild entered into a partnership agreement. Among the key terms of this agreement, Lake Shore Gold agreed to seek shareholder approval to terminate the company's shareholders' rights plan and to complete an additional financing that would allow Hochschild to increase its holdings to 35 per cent of issued and outstanding shares, to be priced on a five-day volume weighted average price of Lake Shore Gold shares prior to the closing of the transaction. As well, Hochschild agreed to a standstill with Lake Shore Gold, with shareholdings limited to no more than 40 per cent, on a fully diluted basis, for five years, subject to certain exceptions. As part of the revised agreement announced today, and subject to shareholder approval and termination of the shareholders' rights plan, the price of the second financing is set at $2.40 per share and the duration of the standstill is being reduced to a period ending on Nov. 22, 2010. Eduardo Hochschild, executive chairman of Hochschild Mining, commented: "We are pleased to be taking this next step in enhancing our relationship with Lake Shore Gold. Our two companies have a number of complementary strengths, and we have high regard for the company and its asset base. Lake Shore Gold provides attractive growth potential to Hochschild in Canada and we view it as an important strategic investment moving forward." The $2.40-per-share private placement transaction is subject to both Toronto Stock Exchange and shareholder approval. Lake Shore Gold's shareholders will vote on the transaction, as well as a motion to terminate the company's shareholders' rights plan, at its annual general and special meeting in Toronto on May 15, 2008. In advance of the meeting, an information circular and proxy form will be mailed to shareholders. We seek Safe Harbor.