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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 (74012)	10/17/2012 8:46:00 AM
From: loantech	Read Replies (1) \| Respond to of 78416

Kirkland Lake Gold Inc. has entered into an agreement with Dundee Securities Ltd. and Canadian Imperial Bank of Commerce as co-lead underwriters, under which the underwriters have agreed to purchase, on a bought-deal basis, 60,000 convertible unsecured subordinated debentures at a price per debenture of $1,000 for total gross proceeds of $60-million.>>> tyc this stuff is way above my pay grade but I highlighted the key part. So it looks like a LSG redo. EDIT: I am adding this also: The debentures will be convertible at the holder's option into common shares of the company at any time prior to the close of business on the earlier of the maturity date and the business day immediately preceding the date fixed for redemption of the debentures at a conversion price of $13.70 per common share,