VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 17, 2016) – Tahoe Resources Inc. (“Tahoe”) (TSX:THO)(NYSE:TAHO) today announced that its wholly-owned subsidiary Lake Shore Gold Corp. (“Lake Shore Gold”) has completed the redemption (the “Redemption”) of its 6.25% senior unsecured convertible debentures due September 30, 2017 (the “Debentures”). Pursuant to terms of Lake Shore Gold’s convertible debenture indenture, Lake Shore Gold elected to satisfy the redemption price for each Debenture by issuing Tahoe common shares (“Tahoe Shares”). All outstanding Debentures have either been redeemed by Lake Shore Gold or voluntarily converted into Tahoe Shares by holders of the Debentures.
An aggregate of 10,611,411 Tahoe Shares were issued pursuant to the exercise of conversion rights available to holders of the Debentures. Those Debentures remaining outstanding after voluntary conversions were redeemed by Lake Shore Gold on May 16, 2016 for an aggregate of 122,264 Tahoe Shares, and the Debentures were delisted from trading on the Toronto Stock Exchange at the close of business on the same day.
About Tahoe Resources Inc.
Tahoe’s strategy is to responsibly operate mines to world standards, to pay significant shareholder dividends and to develop high quality precious metals assets in the Americas. Tahoe is a member of the S&P/TSX Composite and TSX Global Mining indices and the Russell 3000 on the NYSE. The Company is listed on the TSX as THO and on the NYSE as TAHO.
