surfer44
6 meses hace
Update on the Acquisition of Adventus Mining Corporation
July 05 2024 - 6:25PM
PR Newswire (US)
VANCOUVER, BC, July 5, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) today provided an update regarding its proposed acquisition of Adventus Mining Corporation ("Adventus").
As announced in the Company's April 26, 2024 news release, the Company has entered into an arrangement agreement (the "Arrangement Agreement") with Adventus pursuant to which the Company agreed to acquire all of the issued and outstanding common shares of Adventus by way of a plan of arrangement, subject to the satisfaction of certain conditions (the "Transaction"). One of those conditions is the absence of any Material Adverse Effect (as defined in the Arrangement Agreement") in respect of Adventus. The Company has determined that such a Material Adverse Effect has arisen.
The Material Adverse Effect arises from the litigation referred to in the Adventus news release of June 17, 2024, which seeks to void the environmental licence of the Curipamba-El Domo project. Since we became aware of this litigation and brought it to the attention of Adventus some weeks ago, Silvercorp has made continuous, diligent efforts to understand and analyze the litigation and its implications. As a result of the analysis Silvercorp has done, and having taken advice from its legal and other advisors, Silvercorp reached the conclusion that this litigation presently constitutes a Material Adverse Effect, as defined in the Agreement, in respect of Adventus.
The Company will continue to monitor and evaluate the litigation and its surrounding circumstances and remains open to working cooperatively with Adventus with a view to closing the Transaction if the conditions to closing for the benefit of the Company can be satisfied.
The Arrangement Agreement specifies a deadline of July 31 for the satisfaction of all conditions to closing. Silvercorp has expressed to Adventus its willingness to discuss extending this deadline.
About Silvercorp
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long-life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) a long-term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.
For further information:
Silvercorp Metals Inc.
Lon Shaver
President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com
surfer44
6 meses hace
NEWS RELEASE
Helen Cai Joins Silvercorp Board
VANCOUVER, British Columbia – February 7, 2024 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) today announced the appointment of Helen Cai to its Board as an independent director.
Ms. Cai is a finance and investment professional with over two decades of experience, she is extensively versed in capital markets and all aspects of corporate finance from strategic planning to M&A transactions. Ms. Cai is currently an independent director of Barrick Gold Corporation and Largo Inc., and most recently worked as a managing director with China International Capital Corporation until the spring of 2021. Prior to this, Ms. Cai worked as a research analyst with the Goldman Sachs Group covering American mining and technology sectors and was highly ranked by the StarMine analyst ranking service. As a lead research analyst at China International Capital Corporation, Ms. Cai was ranked as Best Analyst by Institutional Investor and Asia Money in their China Research Sector Polls for multiple years when covering Hong Kong and China- listed companies. The landmark cross-border financing and M&A transactions she led subsequently as a senior investment banker also won various awards from Asia Money and The Asset. Ms. Cai is a Chartered Financial Analyst and Chartered Alternative Investment Analyst and was educated at Tsinghua University in China and the Massachusetts Institute of Technology in the United States, where she received two master’s degrees and multiple fellowship awards.
Silvercorp’s CEO and Chair, Dr. Rui Feng stated: “We are very pleased to welcome Ms. Cai to our Board. Helen is a distinguished finance and investment professional and brings a wealth of knowledge and expertise in capital markets, strategic planning, and M&A to our organization. We look forward to her valuable contributions in our ongoing merger and acquisition efforts to unlock value for our shareholders.”
About Silvercorp
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.
For further information
Silvercorp Metals Inc.
Lon Shaver
President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com
Boing x 2
8 meses hace
OT, Surfer 44,
Check out ACPX and do DD. I have obtained my last position today and it took the whole day.
10 year contract to board 400 airports. Working on San Fran International, Dulles, DFW, Contract to add 2K credit unions and then the other 2,700 credit unions. They have instacash testing payment system to Mexico, Brazil and then Canaa. After that they are going after casinos petroleum companies
They have 500 citations by the big boys on their patents. There all inclusive patent should be issued anytime now.
Warburg asset mgt bought 35K shares yesterday. People sold off when they had to issue another million shares The float is so low and no one knows about this stock. Price .90 bought today. Shares are drying up. They should be cranking in cash like a pig next quarter. Even if you can get 100 shares the stock split potential is out of site. Only 21M shares float and a bunch of just sucked up the cheap shares.
See if it is for you. Remember Amazon who uses our patents had a 20 for 1 stock split prior.
Best,
Boing X 2