Silvercorp Metals talks takeovers, transactions, and tenements

Silvercorp Metals (TSX:SVM) has launched an off-market takeover bid for OreCorp (ASX:ORR).

Speaking to Mining.com.au in part two of an interview series, company President Lon Shaver discusses how the company received a Merger Clearance Certificate (dated 30 January 2024) from the Tanzanian Fair Competition Commission providing unconditional merger control approval for the proposed transaction with OreCorp.

The FCC approval represents the sole Tanzanian regulatory requirement needed to complete the transaction.

Silvercorp notes that each OreCorp director has now accepted the Silvercorp offer and continues to recommend that OreCorp shareholders accept its offer in the absence of a superior proposal and subject to the independent expert’s report continuing to conclude that the Silvercorp offer is reasonable to OreCorp shareholders.

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