Silvercorp Metals to Acquire Adventus Mining For $200 Million #mining #silver #smallcap
silver Corp and adventus have announced an agreement that we’ll see silver Corp acquire all issued and outstanding common shares of adventus the agreement will see each holder of Adventist common shares receive around 10% of one silver Corp common share in exchange for each Adventist share the deal implies 50 cents per Advantage share representing a premium of 31% over the same period the implied Equity value of the transaction stands at approximately $200 million on a fully diluted in the money basis upon closing Advent shareholders will loan approximately 18.4% of silver corpse shares outstanding on a fully diluted in the money basis like and follow us for more daily headlines
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