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