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Silvercorp makes C$105M bid for Guyana Goldfields

Silvercorp Metals has entered into an agreement to acquire Guyana Goldfields and its troubled Aurora gold mine in Guyana in a deal valued at C$105 million, a 71% premium to the targets 20-day volume weighted average share price.

Silvercorp makes C$105M bid for Guyana Goldfields Silvercorp makes C$105M bid for Guyana Goldfields Silvercorp makes C$105M bid for Guyana Goldfields Silvercorp makes C$105M bid for Guyana Goldfields Silvercorp makes C$105M bid for Guyana Goldfields

Aurora in Guyana

Guyana Goldfields shareholders will have the option to receive 60c in cash or 0.1195 of a Silvercorp share subject to a maximum cash consideration of $33.2 million.