Gold, News & Features, Resource News
Integra shares jump 24pc on $426m Silver Lake deal
By The Australian · August 6, 2012 · 9:13 am · Leave a Comment
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By Sarah-Jane Tasker
WEST Australian gold miner Silver Lake Resources has moved on Integra Mining in a $426 million deal.
The Integra board is backing the deal – in the absence of a superior offer – that will see the targets shareholders offered one new Silver Lake share for every 6.28 Integra shares they hold. The deal values Integra at $426m, representing a 43.6 per cent premium to Integras last closing price.
