May 11 (Reuters) - Silver Lake Resources Ltd (SLR) : SUBMITTED...

May 11 (Reuters) - Silver Lake Resources Ltd (SLR) :

• SUBMITTED A REVISED INDICATIVE PROPOSAL TO ST BARBARA LIMITED TO ACQUIRE ST BARBARA'S LEONORA ASSETS
• TOTAL PROPOSED CONSIDERATION OF A$707 MILLION UNDER REVISED SILVER LAKE PROPOSAL
• STANDS READY TO COMPLETE TARGETED DUE DILIGENCE ACTIVITIES WITHIN A TWO-WEEK PERIOD AND MOVE TO A BINDING OFFER
• PROPOSES TO ISSUE TO SBM 232.3 MILLION NEW SILVER LAKE ORDINARY FULLY PAID SHARES IN ADDITION TO A$326 MILLION OF CASH CONSIDERATION
• REITERATES ITS COMMITMENT TO COMPLETE ITS TARGETED DUE DILIGENCE ENQUIRIES WITHIN TWO WEEKS