Gold miner Silver Lake Resources is expected to shortly start with the compulsory acquisition of the remaining shares in takeover target EganStreet Resources after taking an 84.11% interest in the company.
Silver Lake in August this year launched a A$52-million takeover for EganStreet, offering its shareholders 0.27 of its own shares for every EganStreet share held, valuing EganStreet shares at 40c each.