This is an increase from 30.43% in mid-September and represents the addition of almost 1.539 million since the last update.
Silver Lake, which last traded at $1.04 and EganStreet at 30 cents, now holds 44,029,252 shares.
This week Silver Lake extended its offer of 0.27 shares for every EganStreet share held to 7pm Sydney time on December 13, 2019.
The offer values EganStreet at 40 cents per share which represents a premium of 28.9% to the close price of 31 cents, which was the price of shares on ASX at the close of trading on July 29, 2019.
It also represents a premium of 24.2% to the 5-day volume-weighted average price (VWAP) of 32.2 cents up to and including July 29 and 43.4% to the 30-day VWAP of 27.9 cents up to and including July 29.
In late July, the Board of EganStreet unanimously recommended that the offer, which implies a $522 million total transaction enterprise value, be accepted.
EganStreet’s most advanced project is its 100%-owned high-grade Rothsay Gold Project in Western Australia.
In early August 2019, Egan updated the project’s ore reserve estimate by 18% to 235,000 ounces of gold grading 4.5 g/t.
The reserve is part of the 454,000-ounce JORC resource grading 9.2 g/t gold.