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Silvercorp Offer for OreCorp to Expire March 22, 2024
Silvercorp Offer for OreCorp to Expire March 22, 2024 Canada NewsWire ...
About this update from Silvercorp Metals Inc.
[{"type":"text","content":"\n \n \n \n Silvercorp Offer for OreCorp to Expire March 22, 2024\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n Trading Symbol:\n \n \n TSX:\n \n \n SVM\n \n \n \n NYSE AMERICAN: SVM\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 15, 2024\n \n \n /CNW/ -\n \n Silvercorp Metals Inc.\n \n (\"\n \n Silvercorp\n \n \" or the \"\n \n Company\n \n \") (TSX: SVM) (NYSE American: SVM) reminds its shareholders, and shareholders of OreCorp Limited (\"\n \n OreCorp\n \n \") (ASX:ORR), that its off-market takeover bid for all of the ordinary shares in OreCorp that it does not already own (\"\n \n Silvercorp Offer\n \n \") will close at\n \n 7:00pm\n \n (\n \n Sydney\n \n time) on\n \n March 22, 2024\n \n .\n \n \n Silvercorp notes that as of market close on\n \n Thursday March 14, 2024\n \n the Silvercorp Offer has an implied value of\n \n A$0.60\n \n per OreCorp share\n \n 1\n \n . This represents a 9% premium to the Perseus Mining Limited (\"\n \n Perseus\n \n \") offer.\n \n Silvercorp encourages all OreCorp shareholders to accept the Silvercorp Offer without delay.\n \n \n \n In the event that the 50.1% minimum acceptance condition is not met, Silvercorp will return all shares tendered already back to OreCorp shareholders when the Silvercorp Offer closes.\n \n \n Silvercorp further notes that Perseus has yet to announce that it has received merger approval for the acquisition of control of OreCorp from the Tanzanian Fair Competition Commission (\"\n \n FCC\n \n \"), a key condition to its offer.  Silvercorp reminds OreCorp shareholders that it has received such FCC approval, which removes an element of uncertainty that remains attached to the Perseus offer.\n ...