SLR 0.00% $1.57 silver lake resources limited

ann. just out- investor presentation

  1. 3,062 Posts.
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    Dear All,

    From the thorough announcement-

     Equity offering of ordinary shares (the “Offering”) structured in three components:
    - Fully underwritten institutional private placement to raise approximately A$47.5 million (the “Placement”)
    - Share Purchase Plan to raise approximately A$10.0 to A$15.0 million (the “SPP”)
    - Placement to Company directors to raise a further A$1.2 million (subject to Silver Lake shareholder
    approval)
     Funds will be used to repay outstanding debt facilities, provide additional working capital for the Company’s
    operations and for other corporate purposes
     The participation by Silver Lake directors in the Offering (subject to shareholder approval) speaks to the
    excitement the directors feel towards the future prospects of the Company
     Post the offering, the Company will have a strengthened balance sheet which will provide it with financial and
    operational flexibility going forward
 
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Currently unlisted public company.

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