Nov 14 (Reuters) - Silver Lake Resources Ltd (SLR) :
- SILVER LAKE RESOURCES AND DORAY MINERALS ANNOUNCE A MERGER
- UNDER SCHEME, EACH DORAY SHAREHOLDER WILL RECEIVE 0.6772 SILVER LAKE SHARES FOR EVERY DORAY SHARE HELD
- MERGER WILL COMBINE TO CREATE A LEADING ASX MID-TIER GROWTH-FOCUSED GOLD PRODUCER
- SHAREHOLDERS OF SILVER LAKE AND DORAY WILL OWN 62.7% AND 37.3%, RESPECTIVELY, OF ISSUED ORDINARY SHARES IN MERGED GROUP
- DORAY BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT DORAY SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
- UPON COMPLETION OF SCHEME, MERGED GROUP WILL HAVE ABOUT 810 MILLION ORDINARY SHARES OUTSTANDING
