Adventus Mining Secures C$25.6M from Silvercorp
Company Announcements

Adventus Mining Secures C$25.6M from Silvercorp

Adventus Mining (TSE:ADZN) has released an update.

Adventus Mining Corporation has successfully closed a private placement of shares worth C$25.6 million with Silvercorp, marking a significant step towards their planned acquisition by Silvercorp. The proceeds are aimed at repaying debts, funding project development, and covering general working capital expenses. This financial move boosts Silvercorp’s stake in Adventus to approximately 15%, with the shares subject to a four-month statutory hold.

For further insights into TSE:ADZN stock, check out TipRanks’ Stock Analysis page.

Related Articles
Casey Dylan, CIMAAST SpaceMobile (ASTS) Takes a Step Closer to Launching Cellular Connectivity into the Future
TipRanks Canadian Auto-Generated NewsdeskSilvercorp Finalizes Takeover of Adventus Mining
TipRanks Canadian Auto-Generated NewsdeskAdventus Mining Advances with Silvercorp Transaction
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App