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.
For further insights into AU:SLR stock, check out TipRanks’ Stock Analysis page.
