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Silvercorp Announces Takeover Offer for OreCorp

Newswire.ca - Tue Dec 26, 2023

Trading Symbol:

TSX: SVM

NYSE AMERICAN: SVM

VANCOUVER, BC, Dec. 26, 2023 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) and OreCorp Limited ("OreCorp") (ASX: ORR) have entered into a Bid Implementation Deed ("BID"), pursuant to which Silvercorp has agreed to acquire, by means of an off-market takeover offer, all of the OreCorp Shares not already owned by Silvercorp for consideration comprising 0.0967 common shares of Silvercorp ("Silvercorp Shares") and A$0.19 cash per OreCorp Share (the "Consideration"), currently equivalent to A$0.589¹ per OreCorp Share (the "Offer", and overall the "Transaction").

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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