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

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

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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

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