3 Nov 2010 16:39
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Hochschild Mining plc ("the Company")
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Further to the announcement of 14 October 2010, the Company confirms the completion of the sale of 109,000,000 common shares in Lake Shore Gold Corp ("LSG").
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As a result of the sale, the Strategic Alliance Agreement between the Company and LSG has been terminated and the Hochschild-appointed directors including Roberto DaΓ±ino and Ignacio Bustamante have resigned from the Board of LSG with immediate effect.
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The Company continues to hold 21,540,992 common shares in LSG, representing approximately 6% of issued and outstanding common shares.
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