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Silvercorp Metals Inc. (0QZ2.L)

LSE - LSE Delayed price. Currency in CAD
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4.9000-0.0900 (-1.80%)
At close: 02:39PM BST
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  • PR Newswire

    Silvercorp Offer for OreCorp Lapsed

    Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) announced today that, further to its off-market takeover bid (the "Offer") for all of the ordinary shares in OreCorp Limited ("OreCorp") (ASX:ORR), Silvercorp did not satisfy the 50.1% minimum acceptance condition prior to the close of the Offer on March 22, 2024 and elected not to exercise its "right to match" a competing offer for OreCorp. Silvercorp will remain entitled to payment of a break fee of approxim