Silvercorp Metals (TSE:SVM) has released an update.
Silvercorp Metals Inc. is approaching the March 22, 2024 deadline for its off-market takeover bid of OreCorp, offering a 9% premium over competitor Perseus Mining Limited’s bid. Silvercorp, which emphasizes its already secured Tanzanian regulatory approval, will return all shares to OreCorp shareholders if the 50.1% minimum acceptance condition isn’t met. The company underlines its commitment to growth and responsible mining practices.
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