Silvercorp Metals issued a second supplementary bidder's statement, detailing its off-market takeover bid for all remaining ordinary shares in OreCorp.

The offer includes $0.19 cash and 0.0967 Silvercorp shares for each OreCorp share.

OreCorp directors recommend the offer in the absence of a superior proposal, contingent on the independent expert's ongoing endorsement.

Silvercorp obtained unconditional merger control approval from the Tanzanian Fair Competition Commission, eliminating regulatory hurdles.