India, April 26 -- Silvercorp Metals Inc. (SVM.TO) and Adventus Mining Corporation have entered into a definitive arrangement agreement pursuant to which Silvercorp has agreed to acquire all of the issued and outstanding common shares of Adventus by way of a plan of arrangement. Each holder of the common shares of Adventus will receive 0.1015 of one Silvercorp common share in exchange for each Adventus share. This implies consideration of C$0.50 per Adventus share. The implied equity value of the transaction is approximately C$200 million. At closing, existing Silvercorp and Adventus shareholders will own approximately 81.6% and 18.4%, respectively, of Silvercorp shares outstanding.
Silvercorp and Adventus also entered into an investment a...