12:05 PM EST - Lake Shore Gold Corp. : a company which is 37%-owned by Hochschild Mining plc, yesterday announced a financing of around $76 million to fund general corporate activities and working capital. Hochschild remains supportive of Lake Shore Gold, however, the board and management team see organic growth through investment in Hochschild´s extensive and rapidly expanding exploration pipeline as the company´s key priority. Therefore, Hochschild woud not be participating in the proposed financing and its current 37% holding in Lake Shore Gold would be diluted to about 35%. Lake Shore Gold Corp
shares T.LSG are trading down $0.19 at $3.56.
