Silvercorp Provides Update on OreCorp Transaction

Group 1 - Silvercorp Metals Inc. is initiating an off-market takeover offer for OreCorp Limited, proposing a consideration of 0.0967 common shares of Silvercorp and A$0.19 cash per OreCorp share [1] - The offer is open for acceptance until February 23, 2024, unless extended [1] - Silvercorp aims to create shareholder value through free cash flow generation, organic growth, mergers and acquisitions, and a commitment to responsible mining and ESG practices [2] Group 2 - Silvercorp is a Canadian mining company with a focus on producing silver, gold, lead, and zinc, and has a history of profitability and growth potential [2] - The company emphasizes ongoing merger and acquisition efforts to unlock value [2]