2023-12-26 | TSX:SVM | Press Release

• Silvercorp offers to acquire all OreCorp Shares it does not already own for A$0.19 cash plus 0.0967 Silvercorp shares per OreCorp Share (the same consideration offered under the Scheme of Arrangement this offer is replacing)
  
• Off-market takeover offer subject only to a 50.1% minimum acceptance condition (and other customary conditions)
  
• Implied value of A$0.5891 per OreCorp share represents a:
  
  
  • 40% premium to OreCorp’s 20-day VWAP ending August 4, 2023
    
    
  • 22% premium to OreCorp’s 20-day VWAP ending December 22, 2023
    
• The OreCorp Board is unanimously recommending OreCorp shareholders ACCEPT the Offer in the absence of a Superior Proposal

VANCOUVER, BC, Dec. 26,…