Adventus Announces Closing of C$25.6 million Private Placement of Shares to Silvercorp – Company Announcement - FT.com
Summary
"United States" is as defined in Regulation S under the Securities Act.Immediately prior to the closing of the Placement, Silvercorp did not have beneficial ownership of, or control or direction over, any Common Shares. Pursuant to the Arrangement Agreement, Silvercorp agreed to acquire all of the issued and outstanding Common Shares that it does not already own at the closing of the Transaction.An early warning report in respect of the Placement will be filed in accordance with applicable securities laws and will be available on SEDAR+ (www.sedarplus.ca) under Adventus issuer profile. To obtain a copy of the early warning report, once filed, please contact Silvercorp at Suite 1750 , , V6E 3X1, Attention: Investor Relations.is an -focused copper-gold exploration and development company. The forward-looking information contained in this news release is also based upon a number of assumptions, including the companies ability to obtain the required securityholder, court and regulatory approvals in a timely matter, if at all; the ability to receive final acceptance of the in respect of the Placement; their ability to satisfy the terms and conditions precedent of the arrangements and agreements in order to consummate the Transaction; assumptions in respect of current and future market conditions and the execution of the companies business strategies, that operations in Adventus and Silvercorps properties will continue without interruption, and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated, intended or implied. Such risks, uncertainties and other factors include, but are not limited to, failure to receive the required securityholder, court, regulatory and other approvals necessary to effect the Transaction; the potential for a third party to make a superior proposal to the Transaction; that the proceeds of the Placement will not be used as announced; and those set forth under the caption "Risk Factors" in Adventus annual information form, the companies most recent respective managements discussion and analysis, and other documents filed with or submitted to the Canadian securities regulatory authorities on the SEDAR+ website at www.sedarplus.ca.Although the companies have attempted to identify important risk factors that could cause actual results or future events to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to them or that they presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information.