Post by
justrelax2 on Dec 01, 2021 8:39pm
This was SLR's NR.--notice the date
Silver Lake Resources Ltd (ASX: SLR) Page 1 of 1
2 December 2021
Silver Lake Resources
Limited
Suite 4, Level 3
South Shore Centre
85 South Perth Esplanade
South Perth WA 6151
TEL +61 8 6313 3800
FAX +61 8 6313 3888
ABN 38 108 779 782
Board of Directors:
David Quinlivan
Luke Tonkin
Kelvin Flynn
Rebecca Prain
ASX Code: SLR
EXTENSION TO HARTE GOLD FORBEARANCE PERIOD
Silver Lake Resources Limited (“Silver Lake” or the “Company”) advises that it has agreed
to an amendment to the forbearance agreement associated with the credit facilities
provided to Harte Gold Corp1. (TSX:HRT) (“Harte Gold”).
Silver Lake acquired the credit facilities on 19 November 2021. At the time of acquisition,
the credit facilities were subject to a previously implemented forbearance agreement,
pursuant to which the lenders thereunder agreed to refrain from enforcing applicable rights
and remedies up to 30 November 2021 (the “Forbearance Period”), subject to applicable
terms and conditions. Pursuant to an amending agreement dated 30 November 2021 Silver
Lake has agreed, subject to certain terms and conditions, to extend the Forbearance Period
to 6 December 2021.
Silver Lake makes no assurances that the Forbearance Period will be further extended or, if
further extended, what the terms of such further extension will be. The forbearance
agreement provides that Silver Lake will have the right to demand immediate repayment of
outstanding indebtedness under the Credit Agreement and to initiate steps to enforce its
rights at the end of the Forbearance Period.
Silver Lake continues to work cooperatively with Harte Gold and its stakeholders to deliver
an outcome which will provide the best opportunity to realise the full potential of the Sugar
Zone mine and the associated land package.
This announcement was authorised for release to ASX by Luke Tonkin, Managing Director.
For more information about Silver Lake and its projects please visit our web site at
www.silverlakeresources.com.au.
For further information, please contact
Luke Tonkin
Managing Director
+61 8 6313 3800
contact@silverlakeresources.com.au
Len Eldridge
Corporate Development Officer
+61 8 6313 3800
contact@silverlakeresources.com.au
Comment by
ulsterscot1944 on Dec 01, 2021 9:05pm
November 19th! That's bloody lovely. How do they get away with keeping that a secret for two weeks?
Comment by
bufordpusser on Dec 01, 2021 9:18pm
that would be saturday night but one can assume this will be wrapped up by friday.