Silvercorp Metals Inc. entered into an agreement to acquire Adventus Mining Corporation for CAD 200 million.
In addition to Adventus securityholder and court approval, the Transaction is also subject to the satisfaction of certain other closing conditions customary. The Transaction has been conditionally approved by the TSXV but remains subject to final approval of the TSXV on behalf of Adventus, and approval of the TSX and NYSE American on behalf of Silvercorp, including the acceptance for listing of the Silvercorp Shares to be issued in connection with the Transaction. The board of directors of Adventus has unanimously approved the Transaction. The Transaction is expected to be completed in the third quarter of 2024.