Revolution may acquire up to 100% of Lake Shore’s four Mexican property positions, including the Universo, Montana de Oro, Lluvia de Oro and La Bufa properties.
As a result of signing this formal deal, Revolution will issue to Lake Shore common shares representing a 9.9% equity interest in Revolution.
Lake Shore president and CEO Tony Makuch said the agreement will position Lake Shore as a major shareholder of Revolution and allow it to remain leveraged to the significant value potential of its Mexican properties.
