Silvercorp Metals Inc. acquired 15,000,000 common shares of Tincorp Metals Inc. as partial consideration for the Santa Barbara Gold-Copper Project acquisition, increasing its beneficial ownership to 35,738,699 shares or 27.4% of Tincorp's issued and outstanding shares.
Key takeaways
Silvercorp, through subsidiary Adventus, received 15,000,000 Tincorp Common Shares as partial consideration for the Santa Barbara project acquisition.
Prior to acquisition closing on May 13, 2026, Silvercorp owned 20,738,699 Tincorp shares (28.9%).
Post-conversion and acquisition, Silvercorp owns 35,738,699 Tincorp shares (27.4%).
Shares acquired via share purchase agreement dated February 24, 2026, for investment purposes.
Silvercorp may adjust its Tincorp ownership through market transactions or other means.
Early warning report filed pursuant to National Instrument 62-103.