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BRIEF-Silver Mines announces agreement to acquire Silver Investments

Published 03/03/2016, 04:09 pm
Updated 03/03/2016, 04:10 pm
© Reuters. BRIEF-Silver Mines announces agreement to acquire Silver Investments
SVL
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March 3 (Reuters) - Silver Mines Ltd SVL.AX :

* Acquisition of bowdens Silver project SVL.AX

* Says entered into a heads of agreement to acquire Silver Investments holdings

Australia limited

* Svl to pay A$2 million within the next 20 days to siha

* Svl to provide an A$18 million loan to siha prior to the end of June 2016

* Says anthony mcclure is proposed to become the managing director of the

consolidated group

* Svl will issue A$4 million in svl shares at a deemed issue price of $0.001

* Entered into an agreement with kingsgate consolidated limited to purchase 85%

of the bowdens Silver project in New South Wales

* Source text for Eikon

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