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Silver Mines Ltd (SVL.AX)

SVL.AX on Australia Stock Exchange

0.17AUD
12:49am EDT
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Latest Key Developments (Source: Significant Developments)

Kingsgate Consolidated says Chatree Gold Mine is now debt free
Tuesday, 27 Dec 2016 07:36pm EST 

Kingsgate Consolidated Ltd : Chatree gold mine is now debt free. . Final payment against akara loan facility of us$6.3 million was made on 23 dec, making chatree plant and landholdings completely unencumbered . Following repayments Kingsgate's group total debt position will be a$5 million, which is scheduled for repayment at end of jan 2017 .Final payment of a$4.1 million has now been received from silver mines limited.  Full Article

Kingsgate Consolidated says Chatree Gold Mine is now debt free
Tuesday, 27 Dec 2016 05:28pm EST 

Kingsgate Consolidated Ltd : Chatree gold mine is now debt free. . Final payment against akara loan facility of us$6.3 million was made on 23 dec, making chatree plant and landholdings completely unencumbered . Following repayments Kingsgate's group total debt position will be a$5 million, which is scheduled for repayment at end of jan 2017 .Final payment of a$4.1 million has now been received from silver mines limited.  Full Article

Silver Mines announces agreement to acquire Silver Investments
Wednesday, 2 Mar 2016 06:39pm EST 

Silver Mines:Acquisition of bowdens Silver project.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.  Full Article

Silver Mines announces fully underwritten rights issue, enters amended binding HOA with Malachite Resources
Monday, 31 Aug 2015 09:41pm EDT 

Silver Mines Limited:Says fully underwritten rights issue.Says rights issue to raise approximately $2.8 million.Entered updated amended binding heads of agreement with MAR regarding the acquisition of the Conrad Silver project.  Full Article

White Rock Minerals Ltd and Silver Mines sign heads of agreement
Wednesday, 22 Jul 2015 08:28pm EDT 

White Rock Minerals Ltd and Silver Mines Ltd (SVL):WRM and SVL sign heads of agreement.Says SVL will provide WRM with funding of up to $500,000.  Full Article

Malachite Resources Ltd enters memorandum of understanding to sell Conrad silver project to Silver Mines Ltd
Sunday, 10 May 2015 08:22pm EDT 

Malachite Resources Ltd:Entered into memorandum of understanding (MoU) with Silver Mines Ltd to sell the company's Conrad Silver Project near Inverell, NSW.Under terms of MoU Malachite has received an initial option payment of $50,000 which gives SVL an exclusive one month period to undertake due diligence in respect of Conrad.Subject to SVL electing to proceed with purchase MAR will receive following from SVL as consideration for sale of Conrad: $200,000 on exercise of the option to acquire Conrad.$200,000 plus SVL shares to value of $125,000 within 90 days of formal execution of formal documentation; and 1 pct. net smelter return royalty on all metals.  Full Article

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