Brief: Silvercorp Says Offer For Orecorp Lapsed

Orecorp

26/03/2024 24:25

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

Source text for Eikon:  ID:nCNWdKyNWa 
Further company coverage:  SVM.TO 

 ((Reuters.Briefs@thomsonreuters.com;))