Australian gold miners Red 5 and Silver Lake Resources to combine in merger

Vault Minerals

04/02/2024 22:39

Feb 5 (Reuters) - Australian gold miners Red 5  RED.AX 
and Silver Lake Resources  SLR.AX  said on Monday in a joint
statement that both companies will merge via a scheme of
arrangement. 
    Under the agreement, Red 5 will buy 100% of Silver Lake and
each Silver Lake shareholder will receive 3.434 Red 5 shares for
every Silver Lake share held.

 (Reporting by Shivangi Lahiri in Bengaluru; Editing by Lisa
Shumaker)
 ((Shivangi.Lahiri@thomsonreuters.com;))