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
36.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $395.5M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 37.5¢ | 35.5¢ | $1.807M | 4.969M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 244430 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 108046 | 1 |
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