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EGA, EGAEgan Street Resources Limited
blacksheep
post Posted: Nov 2 2019, 06:37 PM
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EGA is the subject of a takeover bid by Silver Lake Resources - ASX SLR. New increased bid lobbed on Friday after market close - details below. Should see some robust trading activity on Monday

1 NOVEMBER 2019
QUOTE
SILVER LAKE VARIES OFFER CONSIDERATION UNDER EGAN STREET TAKEOVER BID
Further to the separate joint announcement earlier today, Silver Lake Resources Limited
(Silver Lake) (ASX:SLR) is pleased to advise that it has today varied its off-market takeover
bid for all of the fully paid ordinary shares in Egan Street Resources Limited (EganStreet)
(ASX:EGA) (Offer) by increasing the Offer consideration from 0.27 Silver Lake Shares for
every one (1) EganStreet Share, to 0.400 Silver Lake Shares for every one (1) EganStreet
Share (New Offer Consideration).


The New Offer Consideration will apply to all EganStreet Shareholders who accept Silver
Lake’s Offer, including those EganStreet shareholders who have already accepted the Offer.
Further, Silver Lake will increase the consideration to 0.431 Silver Lake Shares for each
EganStreet share (Conditional Offer Consideration), if Silver Lake obtains a relevant
interest in at least 38% of EganStreet shares on or before 7.00pm Sydney time on
8 November 2019.


If the Conditional Offer Consideration is enlivened as above, a further variation will be made
by Silver Lake, and it will apply to all EganStreet Shareholders who accept or have accepted
Silver Lake’s Offer.


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