ORR orecorp limited
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News: ORR Orecorp Says Silvercorp To Acquire Orecorp Via Scheme Of Arrangement

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    07/08/23
    11:20
    Post #: 69197332

    Aug 7 (Reuters) - Orecorp Ltd (ORR) :

    • SILVERCORP TO ACQUIRE ORECORP VIA SCHEME OF ARRANGEMENT
    • ORECORP SHAREHOLDERS TO RECEIVE A$0.15 IN CASH AND 0.0967 OF A SILVERCORP COMMON SHARE FOR EACH ORECORP SHARE HELD
    • TOTAL CONSIDERATION WITH AN IMPLIED VALUE OF A$0.60 PER ORECORP SHARE
    • ORECORP'S BOARD UNANIMOUSLY RECOMMENDS ORECORP SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
    • SILVERCORP TO PROVIDE ORECORP WITH APPROXIMATELY A$28 MILLION IN FUNDING VIA AN EQUITY PLACEMENT
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