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News: ORR Silvercorp Says Offer For Orecorp Lapsed

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    26/03/24
    11:30
    Post #: 73060187

    March 25 (Reuters) - Silvercorp Metals Inc SVM.TO :

    • SILVERCORP OFFER FOR ORECORP LAPSED
    • SILVERCORP DID NOT SATISFY 50.1% MINIMUM ACCEPTANCE CONDITION PRIOR TO CLOSE OF OFFER ON MARCH 22, 2024
    • SILVERCORP ELECTED NOT TO EXERCISE ITS "RIGHT TO MATCH" A COMPETING OFFER FOR ORECORP
    • WILL REMAIN ENTITLED TO PAYMENT OF A BREAK FEE OF APPROXIMATELY AUD$2.8 MILLION IN CERTAIN CIRCUMSTANCES, AS SET OUT IN BID
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