Lake Shore Gold Corp. entered into an agreement to acquire Horseshoe, Four Corners and the Meunier Add-on claims from Constantine Metal Resources Ltd. (TSXV:CEM) for CAD 4.5 million on November 7, 2016. The consideration will be paid in cash and Constantine will retain a 1% Net Smelter Return royalty on the Horseshoe claims, as well as the right of first refusal on the Net Smelter Return associated with the underlying property agreement. Lake Shore will transfer to Constantine 100% interest in patented mining claim L39421 that is contiguous to Constantine's Munro-Croesus claims; while Lake Shore will retain a 1.5% Net Smelter Return. Constantine will retain the rights to the Net Smelter Return buy-down provisions associated with the underlying property agreements on all of the properties sold to Lake Shore. The transaction is expected to close by November 30, 2016. Lake Shore Gold Corp. completed the acquisition of Horseshoe, Four Corners and the Meunier Add-on claims from Constantine Metal Resources Ltd. (TSXV:CEM) on January 19, 2017.