spp @ 85c .. what is that mean ?, page-4

announcement on the 27th August

"Silver Lake Resources Limited (ASX:SLR) (“Silver Lake” or the “Company”) is pleased to advise that
the Company has resolved to raise $47.5 million (before costs) through an underwritten placement
of 55.9 million fully paid ordinary shares (“Shares”) to institutional and other sophisticated and
professional investors in Australia and other jurisdictions at an issue price of $0.85 per new Share"

there is a further $15M SPP which based on current SP would not be taken up as it would be cheaper to buy on market and a further $1.2M for directors which may or may not be taken up for face saving.

I don't recall the $15M or $1.2M being underwritten but I could be wrong.