ORR 0.00% 56.5¢ orecorp limited

News: ORR Silvercorp To Acquire Orecorp, Creating A Diversified, High Growth Precious Metals Company

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    Aug 6 (Reuters) - Silvercorp Metals Inc SVM.TO :

    • SILVERCORP TO ACQUIRE ORECORP, CREATING A DIVERSIFIED, HIGH GROWTH PRECIOUS METALS COMPANY
    • SILVERCORP METALS INC - ORECORP SHAREHOLDERS TO RECEIVE A$0.15 IN CASH AND 0.0967 OF A SILVERCORP COMMON SHARE FOR EACH ORECORP SHARE HELD
    • SILVERCORP METALS INC SVM.TO - ORECORP'S BOARD UNANIMOUSLY RECOMMENDS ORECORP SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
    • SILVERCORP METALS INC SVM.TO - SILVERCORP TO PROVIDE ORECORP WITH APPROXIMATELY A$28 MILLION IN FUNDING VIA AN EQUITY PLACEMENT TO ADVANCE DEVELOPMENT
    • SILVERCORP METALS - EXISTING ORECORP SHAREHOLDERS WILL OWN 17.8% OF SILVERCORP'S COMMON SHARES FOLLOWING IMPLEMENTATION OF SCHEME
    • SILVERCORP METALS INC SVM.TO - PROPOSED DEVELOPMENT OF NYANZAGA BY SILVERCORP SUPPORTED BY TANZANIA GOVERNMENT AUTHORITIES
 
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