May 28 (Reuters) - Black Cat Syndicate Ltd BC8.AX :
* ENTERED BINDING TERMS SHEET TO ACQUIRE TWO GOLD PROJECTS FROM SILVER LAKE RESOURCES
* WITH ACQUISITION, CO WILL INCREASE RESOURCES BY 145% TO 719,000OZ
* CONSIDERATION PAYABLE AT COMPLETION IS ISSUE OF 8.4 MILLION SHARES IN CO TO SILVER LAKE
* UPON ISSUE OF SHARES, SILVER LAKE WOULD BECOME SUBSTANTIAL SHAREHOLDER IN CO