Brief: Orecorp Says Silvercorp To Acquire Orecorp Via Scheme Of Arrangement

Orecorp

07/08/2023 02:18

Aug 7 (Reuters) - Orecorp Ltd  ORR.AX :
    * 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

Source text for Eikon:  ID:nASX5Tdz9f 
Further company coverage:  ORR.AX 

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