Past year: ▲ 75%(96.0c – 2.08 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Sept 2012capital raising announcement▲ GoodMajor
Closed the C$90 million convertible debenture offering for net proceeds of C$86.4 million and used them to repay and extinguish the US$50 million three-year senior secured revolver with UniCredit Bank AG; the debentures began trading on the TSX as LSG.DB. Cheaper and longer-dated than the undrawn C$35 million Sprott standby line it left in place.
20 Aug 2012capital raising announcement▲ Good
Upsized the convertible debenture offering to C$90 million from C$75 million on unchanged terms - 6.25%, C$1.40 conversion price, September 2017 maturity.
17 Aug 2012capital raising announcement● NeutralMajor
Launched a bought-deal offering of C$75 million of 6.25% convertible senior unsecured debentures due 30 September 2017, convertible at C$1.40 a share. The proceeds were earmarked to repay and extinguish a US$50 million three-year revolving facility that had not appeared anywhere earlier in this filing record.
