Red 5 Limited entered into a binding Scheme Implementation Deed to acquire Silver Lake Resources Limited in a merger of equals transaction for AUD 1.1 billion.
The deal has been approved by shareholders of Silver Lake Resources Limited, and is expected to be completed on June 19, 2024. As of June 6, 2024 Transaction has been approved by the court.
Gresham Advisory Partners Limited acted as financial advisor, and Herbert Smith Freehills and Davies Ward Phillips & Vineberg LLP acted as legal advisor to Red 5 Limited. Russell Philip, Peter Jarosek, Simon Reid, Giacomo Giorgi and Rebecca Field of Corrs Chambers Westgarth acted as legal advisor, RBC Capital Markets, Australia and Euroz Hartleys Limited acted as financial advisor, and Computershare Investor Services Pty Limited acted as registrar to Silver Lake Resources Limited.