Silvercorp accepts Perseus's offer for OreCorp
April 09 2024 - 8:58PM
SILVERCORP ACCEPTS THE PERSEUS OFFER FOR ORECORP
Perth, Western Australia/April 10,
204/Perseus Mining Limited (ASX/TSX: PRU)
(Perseus or PRU) refers to its
off-market takeover bid under Chapter 6 of the Australian
Corporations Act for all the current and to be issued ordinary
shares in OreCorp Limited (ASX: ORR) (OreCorp or
ORR) (Offer).1
Perseus is pleased to announce that Silvercorp
Metals Inc (Silvercorp) has accepted the Perseus
Offer. Silvercorp’s acceptance was for a total of 73,889,007
OreCorp Shares (representing 15.61% of OreCorp Shares on issue). As
at April 9, 2024, Perseus has a relevant interest in 354,982,123
OreCorp Shares (representing 74.98% of OreCorp Shares on
issue).
The Perseus Offer is open until April 19, 2024
(unless extended).
Perseus wants to reiterate that the Offer
is:
-
unconditional; and
-
best and final in the absence of a competing
proposal.
OreCorp Shareholders should ACCEPT the
Offer now in respect of Your OreCorp Shares.
This market announcement was authorised
for release by Jeff Quartermaine, Chairman of the Board of Perseus
Mining Limited.
PERSEUS MINING LIMITEDASX/TSX CODE:
PRUREGISTERED OFFICE:Level 2437 Roberts
RoadSubiaco WA 6008Telephone: +61 8 6144 1700Email:
IR@perseusmining.comwww.perseusmining.com |
|
CONTACTS:Jeff
QuartermaineExecutive Chairman &
CEOjeff.quartermaine@perseusmining.comNathan
RyanCorporate Relations+61 420 582
887nathan.ryan@nwrcommunications.com.au |
1 Capitalised but undefined terms used in this
document have the same meaning given to those terms in Perseus’s
Replacement Bidder’s Statement dated 16 February 2024, as
supplemented by its Supplementary Bidder’s Statements dated 8 March
2024, 18 March 2024, 25 March 2024 and 5 April 2024
(Bidder’s Statement).
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