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
