Silex Systems: Taps investors for $120m for laser enrichment tech

Silex Systems Taps investors for $120m for laser enrichment tech

• Silex Systems (SLX) successfully raises $120 million through a share placement to accelerate the commercialisation of its SILEX laser enrichment technology
• Silex will issue new shares at $4.05 each for the placement — a 21.1 per cent discount to its last closing price of $5.13
• SLX is now tapping investors for a further $20 million through a share purchase plan at the same price as the placement, opening on March 13
• The company’s SILEX laser enrichment technology is a laser isotope separation product that it plans to deploy in the USA
• SLX shares have fallen 23.68 per cent to $3.92 at midday AEDT