Lake Shore Gold amends option agreement for Mexican properties

theflyonthewall.com

Lake Shore Gold announced that the company has amended the terms of its option agreement to sell up to 100% of the company's Universo and Montana de Oro land positions in Mexico to Revolution Resources Corp. The revised terms will provide the company with increased leverage to the success of Revolution's exploration efforts through additional equity ownership and a higher cash payment per ounce of gold or gold equivalent resource established on the land positions in return for a lower initial expenditure requirement. The original terms of the Agreement are outlined in a press release issued by the company on Sept. 15, 2011.

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