Silvercorp Metals Inc. (TSX:SVM) agreed to acquire 84.26% stake in OreCorp Limited (ASX:ORR) from Perseus Mining Limited, Rollason Pty Ltd, Mutual Investments Pty Ltd and Timothy R B Goyder for AUD 230 million on December 26, 2023. Silvercorp will acquire Orecorp for consideration comprising 0.0967 common shares of Silvercorp and AUD 0.19 cash per OreCorp Share. The OreCorp Board Members, who collectively hold 3.94% of the OreCorp Shares, intend to accept the Silvercorp Offer in respect of all OreCorp Shares they own or control 14 days after the Silvercorp Offer is opened for acceptance. Silvercorp recieved approval of TSX and NYSE American for the listing of the New Silvercorp Shares. As of February 2, 2024, OreCorp had 4,012,106 OreCorp Performance Rights, 3,725,257 OreCorp Options, comprising 2,575,257 OreCorp AUD 0.9906 Options and 1,150,000 OreCorp AUD 0.9066 Options. Silvercorp Metals will pay AUD 0.03 per OreCorp AUD 0.9066 Option; and AUD 0.02 per OreCorp AUD 0.9906 Option. As of February 16, 2024 There's an extension to the offer period, with Offer closing on March 8, 2024.

Canaccord Genuity Corp acted as financial advisor, King & Wood Mallesons, Australia Branch acted as legal advisor and Computershare Limited acted as transfer Agent to Silvercorp Metals Inc and Allen & Overy LLP served as legal advisor and CIBC Capital Markets acted as financial advisor to OreCorp Limited. BDO Corporate Finance (WA) Pty Ltd and Srk Consulting (Australasia) Pty Ltd. acted as financial advisor to OreCorp Limited. Automic Pty Ltd. acted as registrar to OreCorp Limited.

Silvercorp Metals Inc. (TSX:SVM) cancelled the acquisition of 84.26% stake in OreCorp Limited (ASX:ORR) from Perseus Mining Limited, Rollason Pty Ltd, Mutual Investments Pty Ltd and Timothy R B Goyder on March 22, 2024.