Perseus Mining's Offer Acceptance by Silvercorp

Perseus Mining Limited (ASX: $PRU) has announced that Silvercorp Metals Inc has accepted its off-market takeover bid for a total of 73,889,007 OreCorp Shares, representing 15.61% of OreCorp Shares on issue. As of 9 April 2024, Perseus holds a relevant interest in 354,982,123 OreCorp Shares, representing 74.98% of OreCorp Shares on issue. The Perseus Offer remains open until 19 April 2024, unless extended, and is unconditional and considered best and final in the absence of a competing proposal.

Executive Commentary on Perseus Mining's Offer Acceptance

The Offer acceptance by Silvercorp is a significant development for Perseus Mining, demonstrating strong progress in the off-market takeover bid for OreCorp. We are pleased with the acceptance and reiterate the unconditional and final nature of the Offer. We encourage OreCorp Shareholders to accept the Offer in respect of their OreCorp Shares. This marks a positive step forward for Perseus Mining's strategic objectives and future growth.

Summary of Perseus Mining's Offer Acceptance and Outlook

Perseus Mining Limited (ASX: $PRU) has successfully secured the acceptance of the off-market takeover bid by Silvercorp Metals Inc for 15.61% of OreCorp Shares, further consolidating its relevant interest to 74.98% of OreCorp Shares on issue. The Offer, remaining open until 19 April 2024, signifies a pivotal milestone in Perseus's strategic pursuits. With the Offer deemed unconditional and best and final in the absence of a competing proposal, Perseus is poised to advance its corporate strategy and strengthen its position in the market. The company remains committed to its growth objectives and looks forward to potential developments following the Offer's conclusion.