VANCOUVER, BC and TORONTO, April 26, 2024 /CNW/ – Silvercorp Metals Inc. (“Silvercorp”) (TSX: SVM) (NYSE American: SVM) and Adventus Mining Corporation (“Adventus”) (TSXV: ADZN) (OTCQX: ADVZF) are pleased to announce that the parties have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which Silvercorp has agreed to acquire all of the issued and outstanding common shares of Adventus (the “Transaction”) by way of a plan of arrangement (the “Arrangement”).
Under the terms of the Arrangement Agreement, each holder of the common shares of Adventus (each, an “Adventus Share”) will receive 0.1015 of one Silvercorp common share (each, a “Silvercorp Share”) in exchange for each Adventus Share (the “Exchange Ratio”) at the effective time of the Transaction. The Exchange Ratio implies consideration of C$0.50 per Adventus Share based on the 20-day volume-weighted average prices (“VWAP”) of Silvercorp…
