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  • Silver Lake Resources Managing Director Les Davis Acquires Shares On Market 0 comments
    May 5, 2013 10:33 PM

    Silver Lake Resources (ASX: SLR) managing director Les Davis has acquired an additional 50,000 shares on market.

    Davis acquired the shares for $50,000, for an average price of $1 per share, bringing his total direct and indirect shareholding up to 4,260,000 shares.

    Silver Lake has just entered into a confidential agreement with Pacer Corporation, a subsidiary of Resource Development Group (ASX: RDG), resolving their commercial dispute regarding a number of matters under the engineering, procurement and construction contract.

    The company now estimates that the final cost to complete milling and surface infrastructure to be $91 million.

    Silver Lake recently increased gold production to a total of 43,760 gold ounces across its Western Australian operations for the March 2013 quarter, a 68% increase on December 2012 quarter production.

    Commercial production from the Murchison Gold Project is expected to be declared in the June 2013 quarter.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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