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.
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