July 8 (Reuters) - Encounter Resources Ltd ENR.AX :
* UPON COMPLETION, PLACEMENT WILL RAISE A TOTAL OF ABOUT $1.4 MILLION BEFORE
* SILVER LAKE RESOURCES TO INVEST TO TAKE A 5.3% STAKE
* CO SUBSCRIBED FOR 6.7 MILLION ORDINARY FULLY PAID ENCOUNTER SHARES AT A$0.075PER SHARE