Business
Starcore Responds to Announcement of Intention to Make an Unsolicited Offer
Starcore advises shareholders that no offer has been made and there is no need to take any im...
About this update from Starcore International Mines Ltd.
[{"type":"text","content":"Starcore Responds to Announcement of Intention to Make an Unsolicited OfferStarcore advises shareholders that no offer has been made and there is no need to take any immediate action.Starcore's Board will keep shareholders informed and provide a recommendation should an offer be made.For any questions, contact Laurel Hill at 1-877-452-7184 (North American Toll Free). 416-304-0211 (Calls Outside North America) or by email at [email protected], British Columbia--(Newsfile Corp. - May 13, 2022) - Starcore International Mines Inc. (TSX: SAM) (\"Starcore\" or the \"Company\") confirms that it is aware of the announcement of the intention to make an unsolicited offer by Semper Recursos Naturales S.A. de C.V. (\"Semper\") for the outstanding common shares of Starcore at a price of $0.35 per common share. Shareholders are cautioned that no bid has been commenced, and in accordance with Canadian securities laws, any offer made will be open for a minimum of 105 days. Shareholders do not need to take any action at this time.Do Not Take Any Action at This TimeIf the unsolicited offer is commenced, Starcore's board of directors (the \"Board\") will consider and evaluate the offer and will communicate a recommendation from the Board Should an offer be made, Starcore will issue a directors' circular that will contain important information for shareholders, including the Board's recommendation regarding the offer. Until such time, shareholders do not need to take any action and should await the results of the review and recommendation of the Board before making any decisions with respect to the offer. AdvisorsLegal counsel to Starcore is McMillan LLP; and Laurel Hill Advisory Group is serving as Starcore's strategic communications advisor and information agent.Shareholder Questions Shareholders with questions are encouraged to call Starcore's information agent, Laurel Hill Advisory Group at 1-877-452-7184 (North American Toll Free). 416-304-0211 (Calls Outside North America) or by email at [email protected]. About StarcoreStarcore International Mines is engaged in precious metals production with focus and experience in Mexico. This base of producing assets is complemented by exploration and development projects throughout North America. The Company is well financed with working capital, comprised mainly of cash, of almos...