Silver Lake Resources

Silver Lake Resources will get profit a A$5.2 million funding injection to pursue its exploration and growth objectives following the off market sale of 17.4 million unlisted options by the company’s directors.The options will be converted at their exercise price of $0.30 each.Following the completion of the option sale and conversion, the issued capital of Silver Lake will comprise 223.7 million shares and no options.The directors and their related entities will retain 11.4% of the shares on issue.