Silver Lake’s Acquisition Scheme Now Effective

Silver Lake Resources Limited (AU:SLR) has released an update.

Silver Lake Resources Limited has officially confirmed that its scheme of arrangement with Red 5 Limited has been approved and is now effective, following the lodgment of Court Orders with the Australian Securities and Investments Commission. As a result, trading of Silver Lake shares will be suspended from the ASX as of the close of trading on June 7, 2024. Eligible shareholders will receive 3.434 Red 5 shares for each Silver Lake share they hold on the record date of June 12, 2024, with the scheme set to be fully implemented on June 19, 2024.

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