TORONTO, May 1, 2024 /CNW/ – Adventus Mining Corporation (“Adventus” or the “Company“) (TSXV: ADZN) and Silvercorp Metals Inc. (“Silvercorp“) (TSX/NYSE American: SVM) are pleased to announce that Adventus has closed its previously announced private placement of 67,441,217 common shares of Adventus (the “Common Shares”) at an issue price of C$0.38 per Common Share to Silvercorp for aggregate gross proceeds to Adventus of C$25,627,662 (the “Placement”). As previously announced on April 26, 2024, the Placement was completed in conjunction with the proposed acquisition by Silvercorp of all of the issued and outstanding Common Shares of Adventus by way of a plan of arrangement (the “Transaction”) pursuant to an arrangement agreement between Adventus and Silvercorp (the “Arrangement Agreement”).
With the completion of the Placement, Silvercorp now holds approximately 15% of the total issued and outstanding Common Shares. Adventus…
