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
SLR Price at posting:
$1.01 Sentiment: LT Buy Disclosure: Held