공시 • Sep 27
Silver Lake Resources Limited, Annual General Meeting, Nov 24, 2023 Silver Lake Resources Limited, Annual General Meeting, Nov 24, 2023. 공시 • Sep 19
Silver Lake Resources Limited (ASX:SLR) acquired 11% stake in Red 5 Limited (ASX:RED). Silver Lake Resources Limited (ASX:SLR) acquired 11% stake in Red 5 Limited (ASX:RED) on September 18, 2023.Silver Lake Resources Limited (ASX:SLR) completed the acquisition of 11% stake in Red 5 Limited (ASX:RED) on September 18, 2023. 공시 • May 17
Silver Lake Shelves Investor Meetings over $656 Million St Barbara Takeover Silver Lake Resources Limited (ASX:SLR) has cancelled investor meetings this week about its $656 million bid for gold miner St Barbara Limited (ASX:SBM), fuelling suggestions that it could be about to walk away from the target. Royal Bank of Canada was arranging meetings with Silver Lake investors for this week, with various executives of the company in Australia this month for the Macquarie Australia Conference that was held recently. Sources close to Silver Lake played down the cancellation of the meetings, saying there was no clarity on the status of the deal. However, some have interpreted the move as a signal that the company has cooled on the target. Raleigh Finlayson’s Genesis Minerals Limited (ASX:GMD) told the market on May 15, 2023 that it would accelerate an earlier agreed deferred payment and add an extra five million of its own shares to the offer, adding up to about $6.2 million. Previously, Genesis Minerals was offering a further 52.2 million shares to St Barbara, but only when its Tower Hill deposit produces its first ore. 공시 • May 06
Silver Lake Lobs Late Bid for St Barbara Gold Silver Lake Resources Limited (ASX:SLR) has launched a dramatic late intervention into St Barbara Limited (ASX:SBM)'s friendly asset sale deal with Raleigh Finlayson's Genesis Minerals, saying it has unsuccessfully been pitching a better proposal to the St Barbara board. Silver Lake went public with its offer on May 04, 2023, saying it had offered a deal worth $732m to acquire the struggling gold producer's West Australian gold assets, including $326m cash and 327.1 million of its own shares. The WA miner says it believes its offer is superior to that of Genesis, offering a 28% premium to the upfront value of the Genesis bid, which includes $370m cash and $170m worth of its shares, and a 14% premium to the full offer, which includes another $60m contingent scrip payment in exchange for St Barbara's Leonora assets. Silver Lake says the St Barbara board has so far refused to engage with its offer, and it claims to have the support of the struggling producer's two biggest shareholders - L1 Capital and Baker Steel Capital Managers, representing 9.3% and 8.6% of the St Barbara register -respectively - to hold talks over the bid. Under the Silver Lake proposal, St Barbara shareholders would emerge with 26% of its stock, the company said. Silver Lakes' cash offer is below that of Genesis, and the amount of scrip on offer would force the commissioning of an independent expert review, potentially slowing the sale of St Barbara's Leonora assets at a time when the company is struggling for cash. In a statement to the ASX on May 04, 2023, St Barbara said its board remained convinced the Genesis bid offered the best value to its shareholders, saying the Silver Lake premium was only 9% above that of its rival when a $5.4m break fee on the Genesis deal was included in its price, and pointing to the faster closure of the Genesis deal. "Even if the required mutual due diligence could be completed within two weeks, Silver Lake has indicated that expected completion of a transaction would occur in mid/late August. This contrasts with the Genesis transaction, which is expected to complete on or around June 30, 2023," St Barbara said. St Barbara also said its shareholders would benefit from the issue of Genesis shares given Genesis brings its own Leonora assets to the district consolidation play. "Accordingly, St Barbara will not be further engaging with Silver Lake in respect of the non-binding, indicative and conditional proposal," the company said. Genesis said its board and management had worked with St Barbara for more than a year to work ways to make the most of their combined assets in the Leonora region, and the deal offered value to both sets of shareholders. Silver Lake shares closed down 3c at $1.21 on May 04, 2023, with St Barbara up 5c, or 7.8%, at 69c and Genesis down 6.5c at $1.29.