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Silver Lake increases resources

Silver Lake increases resources

Silver Lake has taken over ASX-listed Integra Mining Limited.

Firms: Gilbert + Tobin (Silver Lake Resources Limited)

Deal: Silver Lake’s acquisition of Integra Mining Limited (ASX: IGR)

Area: M&A

Value: $426 million

Key players: Corporate advisory partner Marcello Cardaci led the G+T team of lawyers, which included Sarah Gaffney-Smith, Jarod Benson and Jessica Karasinski

Deal significance: The transaction was announced on 6 August following a unanimously recommended takeover by scheme of arrangement at an exchange ratio of one new Silver Lake share for every 6.28 Integra shares. “The combination of tenements at Mt Monger and Randalls as well as the synergies between the companies will ultimately increase Silver Lake’s production and their position in the Australian market,” said Cardaci.

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