Ann: Gold Prepayment, page-2

Silver Lake raises A$10 million by way of
Gold Prepayment
Silver Lake Resources Ltd is pleased to announce that (“Silver Lake”) has
entered into a secured Gold Prepay Facility (“Facility”) with the Commonwealth
Bank of Australia (“CBA”), raising A$10 million, which will be used for working
capital.
Under the Facility, Silver Lake will deliver a total of 7,056.31 ounces of gold to
CBA between January 2015 and July 2016 at 392.02 ounces per month.
The Facility is secured by way of mining mortgages over the Daisy Milano and
Randalls mill tenements and a general security interest over all assets of Silver
Lake and its wholly owned subsidiary Silver Lake (Integra) Pty Ltd.
In addition to the Facility, Silver Lake has also forward sold 32,943.68 ounces of
gold, for delivery at 4,117.96 ounces per month between May to December 2015,
at an average price of A$1,485.96 per ounce.
For further information please contact
Luke Tonkin
Managing Director
+61 8 6313 3800
[email protected]