SLR silver lake resources limited
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News: SLR Black Cat Syndicate Entered Binding Terms Sheet To Acquire Two Gold Projects

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    28/05/20
    18:05
    Post #: 44901391

    May 28 (Reuters) - Black Cat Syndicate Ltd (BC8) :

    • ENTERED BINDING TERMS SHEET TO ACQUIRE TWO GOLD PROJECTS FROM SILVER LAKE RESOURCES
    • WITH ACQUISITION, CO WILL INCREASE RESOURCES BY 145% TO 719,000OZ
    • CONSIDERATION PAYABLE AT COMPLETION IS ISSUE OF 8.4 MILLION SHARES IN CO TO SILVER LAKE
    • UPON ISSUE OF SHARES, SILVER LAKE WOULD BECOME SUBSTANTIAL SHAREHOLDER IN CO
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