Celsius Resources (ASX, AIM: CLA) wishes to provide an update in respect of its proposed transaction with Silvercorp Metals Inc. (Silvercorp) as first announced on 15 May 2023.
As previously announced, Celsius and Silvercorp entered into a term sheet which outlined the non-binding key terms upon which, amongst other things, Silvercorp would acquire 100% of the issued capital of Celsius pursuant to a scheme of arrangement (“Scheme”).
‘Some are seeing this as 3 cents, but when you look at it as a combined value (acquisition and SpinCo) this deal is more like 4.5c’ – Peter Hume speaks to Proactive Investors about the proposed acquisition by Silvercorp.
Celsius Resources receives proposed acquisition by Silvercorp Metals; plans joint $5 million raise for MCB
Celsius Resources (ASX:CLA, AIM:CLA) is pleased to announce it has entered into a non-binding term sheet (“Term Sheet”) and a binding subscription agreement (“Subscription Agreement”) with Silvercorp Metals Inc., (“SVM” or “Silvercorp”) (TSX:SVM, NYSE:SVM) a Canadian-based mining company engaged in the acquisition, exploration, development and mining of mineral properties. Highlights Celsius Resources Limited has entered…