SILVER LAKE RESOURCES 5,113,833-SHARE PRIVATE PLACEMENT

2011-06-14 17:56 ET – Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 6, 2011, and May 6, 2011.

Number of shares: 1,468,500 non-flow-through shares and 3,645,333 flow-through shares

Purchase price: 56 cents per non-flow-through share and 75 cents per flow-through share

Warrants: 2,556,915 share purchase warrants to purchase 2,556,915 shares

Warrant exercise price: 80 cents for a five-year period

Hidden placees: 57 hidden placees

Insider: Mineralfields Group, 3,333,333

Finders’ fees: Wolverton Securities Ltd. receives $14,820 and 22,800 non-transferable warrants, each exercisable for one share for a five-year period; MacQuarie Private Wealth Inc. receives $6,760 and 10,400 non-transferable warrants, each exercisable for one share for a five-year period; Canaccord Genuity Corp. receives $42,380; Jordan Capital Markets Inc. receives $16,722 and 24,804 non-transferable warrants, each exercisable for one share for a five-year period; Limited Market Dealer Inc. receives $151,666 and 233,333 non-transferable warrants, each exercisable for one share for a five-year period

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