Silvercorp Metals to Acquire Adventus Mining (El Domo/Curipamba Projects)
April 26, 2024
Silvercorp Metals Inc. agreed to acquire Adventus Mining Corporation in a court-approved plan of arrangement, acquiring all outstanding Adventus shares. Under the exchange ratio, Adventus shareholders receive 0.1015 Silvercorp shares for each Adventus share. The acquisition closed on July 31, 2024 after a positive local court ruling in Ecuador regarding litigation tied to the Project environmental consultation process.
- Buyers
- Silvercorp Metals Inc.
- Targets
- Adventus Mining Corporation
- Industry
- Industrial Services
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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