Silvercorp Metals Inc. has acquired all outstanding common shares of Adventus Mining
Date
July 31, 2024Office Involved
On July 31, 2024, Silvercorp Metals Inc. ("Silvercorp") and Adventus Mining Corporation ("Adventus") announced the completion of Silvercorp’s previously announced acquisition of all of the outstanding common shares of Adventus ("Adventus Shares") by way of a statutory plan of arrangement. Under the terms of the Arrangement, each former shareholder of Adventus, other than Silvercorp, is entitled to receive 0.1015 of one Silvercorp common share (a "Silvercorp Share") for each Adventus Share (the "Exchange Ratio"). All outstanding Adventus stock options and warrants are now exercisable for Silvercorp Shares, with the number of Silvercorp Shares issuable on exercise and the exercise price adjusted in accordance with the Exchange Ratio.
Silvercorp Metals Inc. is a Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China.
McCarthy Tétrault assisted Silvercorp with a team led by Roger Taplin and Kim Brown that included Shawn Doyle (Latin American strategic matters), Brett Anderson and Daniel Downie (Tax).
