Silvercorp Metals Inc.’s Post

OreCorp Limited has announced a recommendation to accept the amended Perseus proposal following the lapse of the Silvercorp Metals Inc off-market takeover bid (Silvercorp Offer), as outlined in ASIC Form 604 released by Silvercorp today.   As one or more of the defeating conditions of the Silvercorp Offer were not waived or satisfied by the Closing Time (being 7pm (Sydney time) on 22 March 2024), the Silvercorp Offer has now lapsed and acceptances of this Offer have become void.   The OreCorp Board now unanimously recommends that OreCorp Shareholders ACCEPT the amended Perseus proposal, in the absence of a superior proposal. The OreCorp Board notes that no superior proposal has so far emerged.   OreCorp Directors, holding approximately 3.9% of the OreCorp shares intend to accept the amended Perseus proposal.   See the full announcement: https://bit.ly/4ctAsos

#ASXNews Poseidon Nickel Limited advises that the closing date for its nonrenounceable entitlement offer made pursuant to a prospectus lodged with ASIC and released to #POS' ASX platform on 1 August 2024 (Prospectus) has been extended by one week to Tuesday 27 August 2024 to allow extra time for Eligible Shareholders to take up their entitlements, and to digest today’s announcement, “Gold Prospectivity enhanced at Black Swan and Lake Johnston”, dated 15 August 2024, as well as information that will be presented at the Investor webinar at 10am WST today. The Offer seeks to raise up to $3,713,535 (before costs). It provides the opportunity for Eligible Shareholders to subscribe for one (1) Share for every three (3) Shares held by Eligible Shareholders registered at the Record Date at an issue price of $0.003 per Share together with one (1) free New Option for every three (3) Shares applied for and issued. Each New Option will have an exercise price of $0.006 and a term of 2 years from the date of issue. See full announcement: https://loom.ly/CpGkl70 Register to today's webinar: https://loom.ly/NY0Ic0Y #PoseidonNickel #Gold #Lithium #Nickel

Congratulations to Leonoil Company Limited (Leonoil) on the execution of a Bid Implementation Agreement with Sierra Rutile Limited (SRX), under which Leonoil will offer to acquire all of the issued and outstanding ordinary shares in SRX it does not already own under an off-market takeover bid. Leonoil currently holds 19.85% of SRX and is offering a cash consideration of A$0.18 per SRX Share that it does not already own. This Offer represents a 12.5% premium to the A$0.16 a share offer price of Gemcorp Commodities Assets Holdings Limited’s (Gemcorp) off-market takeover bid announced on 1 July 2024. Importantly, the Leonoil Offer is not subject to any minimum acceptance condition, compared to Gemcorp’s 51% minimum acceptance condition. Sternship is pleased to be acting as financial adviser to Leonoil, alongside Gilbert + Tobin who is acting as legal adviser to Leonoil.

Are you following #Insider #Trading and #Investing #Activities.. well I do and I think you should do too. Thanks to CEO.CA 🔺 this is easier as you might think, as they have a header named "INSIDER" which is absolutly worth to click there from time to time to check companies you own and follow names that put a decent amount into their own managed pubcos. One of them is called Mark Saxon - CEO of T2 Metals Corporation (TSXV: TWO) a #Copper play with a very tight sharestructure, an highly attractive #risk #reward #ratio and what makes me even more bullish on the company is a look in the insider trading book: As background: The firm which just closed the first tranche of a 2 Mio CAD Financing. Mark himself who is buying in the open market regularly put up 150.000 CAD in the #Financing as well as a gentlemen who is called #NickDeMare (CFO of TWO) who participated as well with a smaller amount. Myself as investor for my family office and shareholder of TSX-V: $TWO of like such engagements in #PrivatePlacements and #OpenMarket #Purchases as it shows me committment and faith in in the merits of their company and their operations. Interests are totally alligned with external shareholders. Congratulations Mark Saxon for the first closing - you lead by example for others! I am very excited about the upcoming drilling campaign in #Manitoba #Copper #InvestmentCase #FamilyOffices #HNWIs #SmartInvestors #Canada #Masterpiece of #CorporateBuilding #Allignment with #Shareholders. https://lnkd.in/dNDhpDHM

Perseus refers to its off-market takeover bid under Chapter 6 of the Corporations Act for all the current and to be issued ordinary shares in OreCorp. Perseus is pleased to announce that Silvercorp Metals Inc 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 9 April 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 19 April 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. Read the full announcement here: https://loom.ly/RzZRIQ8

Aurous is seeking a SPAC IPO on the Nasdaq through US-based Rigel Resources Acquisition with a possible dual listing on the JSE. Not a fan of back door IPOs because of the speculative & potential loss making nature of companies who choose to IPO this way. It’s a way to bypass many of the complexities that come with a traditional IPO making it unfavourable in the eyes of many investors. They were 613 SPAC IPOs in 2021 which represented 63% of all US IPOs at the time, by 2022 they plummeted to 86. Many of those 2021 SPAC IPOs didn’t do to well.

Trident Royalties plc (AIM:TRR, OTCQX:TDTRF) has recommended an all-cash takeover offer from Deterra Global worth 49p a share, valuing the group at £144 million. The price is a 22.5% premium to yesterday’s close and 42% above the market price in April when Deterra made a first non-binding, conditional proposal at 44p per share Trdient's business is similar to Deterra's, said the statement, notably the Thacker Pass lithium asset in the US, which “aligns squarely with Deterra's target investment criteria”. Deterra is based in Perth, Australia and listed on the ASX with a market capitalisation of approximately A$2.4 billion (£1.25 billion). Irrevocable undertakings to accept the offer have been received from approximately 24% of Trident's shareholders, with Amati Global also indicating it will accept with its 4%. More at #Proactive #ProactiveInvestors #tridentroyalties #mining http://ow.ly/f4Th105wzsG

#ASXNews Pacgold is pleased to release its Share Purchase Plan Offer ("the Offer") to Eligible Shareholders. The Offer enables Eligible Shareholders to apply to purchase up to A$30,000 worth of ordinary shares in #PGO at $0.09 per share. The purchase price of $0.09 per Share is an approximate 24.9% discount to the volume weighted average market closing price over the five ASX trading days immediately preceding the Announcement Date, 26 September 2024, on which PGO shares were traded. PGO intends to raise approximately $1.5 million under the Offer. The Offer is not underwritten. Proceeds of the Offer, along with proceeds ($4.1m) from the placement announced by the Company on 26 September 2024, will primarily be applied to accelerate #gold exploration at the Alice River Gold Project - where a large scale aircore and reverse circulation (RC) drill program has commenced along the 30km anomalous corridor. VIEW the Announcement: https://loom.ly/GM6ayNc #SPP #ShareholderOffer #Pacgold #GoldNews

It is a milestone day for us at Pacesetter! After an extensive and rigorous succession planning process, we have selected Flack Global Metals (FGM) as our strategic partner and entered into an agreement with FGM pursuant to which FGM will acquire a majority ownership stake in Pacesetter’s business. “FGM’s long-term view for investing was the first quality that really set them apart from the VC and PE firms who were interested in investing in us,” said Del Land, Pacesetter President. Steve Leebow, Pacesetter’s Founder & CEO added, “Of course, we knew FGM for its leadership in risk management and hedging within the industry. But once we dug deeper, we saw how much experience they have in M&A activities and integration and innovative operations management. We quickly understood how its expertise on the financial side and our prowess on the physical side could truly complement each other.” Read the full UPDATED release here: https://lnkd.in/et9VsgWJ The updated release now includes the following verbiage: "NSPS Metals LLC, Pacesetter’s joint venture with Nippon Steel Trading Americas, Inc., which is an affiliate of Nippon Steel, will not however be a party to the transaction, and its assets, including NSPS’s service center facility located in Houston, will not be assets covered by the resulting FGM-Pacesetter partnership." #Pacesetter #FlackGlobalMetals #Steel #Investment #HRC #Metals

Stonegate Capital Partners creates a valuation range for Steppe Gold Ltd’s share from C$1.49/share to C$2.57/share, with a midpoint of C$2.03/share. They note that these valuation ranges bring #STGO in-line with comparable companies. On the completion of BG acquisition, Steppe Gold Ltd is now on track to become a multi-asset #Mongolia-based leading precious metals producer, focusing on cash flow generation and executing ATO Phase 2 Expansion. Check out Stonegate Capital Partners's latest coverage on $STGO here. https://lnkd.in/g3DXJJRM $STGO #preciousmetals #investing #growthstrategy #Canada #Mongolia