--News Direct--
Celsius Resources Ltd (ASX:CLA, AIM:CLA) executive director Peter Hume tells Proactive the company has entered into a non-binding term sheet and a binding subscription agreement which would see Canadian miner Silvercorp Metals Inc (TSX:SVM, AMEX:SVM) acquire all outstanding shares of Celsius at a fixed price of A$0.03 per share. The consideration represents a 76% premium to the 20-day volume-weighted average price of Celsius shares on the ASX. The total value of the acquisition is estimated to be around A$56 million.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
View source version on newsdirect.com: https://newsdirect.com/news/celsius-resources-welcomes-deal-for-acquisition-by-silvercorp-metals-915154042