Silex Systems successfully raised AU$120 million via an Institutional Placement

Silex Systems Limited (ASX: SLX) announced successful completion of an AU$120 million institutional placement at an offer price of AU$4.05 per new share. Local and international investors overwhelmingly supported the placement, including current qualified shareholders and new institutions. The placement proceeds will be utilised to advance the commercialisation of SILEX laser enrichment technology and for working capital and other company purposes.

In order to raise an additional AU$20 million, the company is providing qualified shareholders the opportunity to buy up to AU$30,000 in new shares under the non-underwritten Share Purchase Plan (SPP). The additional shares issued under the SPP are planned to be allotted on 06 April 2023.

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