May 15 (Reuters) - Genesis Minerals Ltd (GMD) :
- GENESIS EXECUTED A BINDING AGREEMENT TO AMEND TRANSACTION AGREEMENT
- NO FURTHER ENGAGEMENT WITH SILVER LAKE ON ITS NON-BINDING, INDICATIVE AND CONDITIONAL PROPOSAL
- GENESIS WILL ISSUE AN ADDITIONAL 5 MILLION SHARES UPFRONT TO ST BARBARA UPON COMPLETION OF TRANSACTION UNDER AMENDED DEAL
- NOTES RECEIPT FROM SILVER LAKE RESOURCES OF REVISED NON-BINDING, INDICATIVE AND CONDITIONAL PROPOSAL
- SILVER LAKE REVISED PROPOSAL REMOVED CERTAIN CONDITIONS BUT MADE NO CHANGE TO PREVIOUSLY PROPOSED CONSIDERATION
- SILVER LAKE REVISED PROPOSAL DOES NOT DELIVER SUFFICIENT CASH TO CO UP-FRONT TO MEET ITS FUTURE LIQUIDITY REQUIREMENTS
- TRANSACTION RATIONALE AND LEVEL OF SYNERGIES WHICH COULD BE ACHIEVED BY SILVER LAKE SIGNIFICANTLY WEAKER
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Last
28.5¢ |
Change
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Mkt cap ! $319.4M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 28.5¢ | $743.1K | 2.547M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 837892 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 219102 | 19 |
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