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Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
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  • Silver Lake Resources In Trading Halt Pending Capital Raising And SPP 0 comments
    Aug 25, 2013 8:58 PM

    Gold miner Silver Lake Resources (ASX: SLR) has entered a trading halt pending a capital raising and a shareholder share purchase plan.

    The trading halt will be lifted on or before Wednesday 28 August 2013.

    Recently, Baker Steel Capital Managers reported it had been acquiring shares in Silver Lake, with a notice that it had acquired 19,775,500 shares over a period of time, equal to 5.2% of issued ordinary capital.

    Recent purchases by Baker Steel were conducted between the 17th April 2013 and 1st August 2013, with the most recent purchase price made at around $0.80.

    Silver Lake has a large gold resource base with significant upside, including 6.4Moz resource inclusive of 1.7Moz of reserves.

    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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