Mining M&A Continues With Silver Lake-Integra $450M Tie-Up

Law360, New York (August 6, 2012, 5:45 PM EDT) -- Australian gold miner Silver Lake Resources Ltd. on Monday said it will acquire Integra Mining Ltd. in a AU$426 million ($450 million) all-stock deal that will double its production by 2014, the latest mining tie-up as companies look to shoulder high capital costs.

Silver Lake said it will issue one new share for every 6.28 Integra shares, a ratio that values Integra at A$426 million, a 44 percent premium to its Friday closing price.

The acquisition will create a listed miner with a market value of...
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