May 19 (Reuters) - Silver Lake Resources Ltd (SLR) : IMPROVED...

May 19 (Reuters) - Silver Lake Resources Ltd (SLR) :

• IMPROVED PROPOSAL TO ACQUIRE ST BARBARA'S LEONORA ASSETS
• TOTAL PROPOSED CONSIDERATION INCREASED TO A$722 MILLION UNDER IMPROVED SILVER LAKE PROPOSAL
• PROPOSAL TO ACQUIRE LEONORA ASSETS STANDS READY TO COMPLETE TARGETED DUE DILIGENCE ACTIVITIES WITHIN A TWO- WEEK PERIOD
• STATEMENT OF SUPPORT FROM ST BARBARA MAJOR SHAREHOLDER FOR SILVER LAKE TO PROGRESS IMPROVED PROPOSAL TO BINDING OFFER STAGE
• SILVER LAKE HAS TO INCREASE CASH COMPONENT BY A$44 MILLION TO MATCH UPFRONT CASH COMPONENT OF GENESIS PROPOSAL OF A$370 MILLION
• SINCE 17 APRIL SILVER PROVIDED TWO PROPOSALS TO ST BARBARA BOARD, ALTERNATIVE TRANSACTION FOR ST BARBARA’S LEONORA ASSETS