The Prospector News

Silvercorp Announces Closing of US$150 Million Convertible Senior Notes Offering

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Silvercorp Announces Closing of US$150 Million Convertible Senior Notes Offering

Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) today announced the closing of its previously announced private placement offering of US$150,000,000 aggregate principal amount of 4.75% convertible senior notes due 2029, which includes the exercise in full of the initial purchasers’ option to purchase up to an additional US$20,000,000 aggregate principal amount of Notes.  The Company intends to use the net proceeds from the Offering for the construction of copper-gold mining projects outside of China, for the exploration and development of other projects and for working capital.

The Notes are being offered on a private placement basis and are not being offered by way of a prospectus in Canada. The Notes and the distribution of Common Shares issuable upon conversion of the Notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer, solicitation or sale in the United States or in any other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.

About Silvercorp

Silvercorp Metals Inc. is a Canadian mining company producing silver, gold, lead and zinc from the Ying Mining District and the GC Mine in China.  Silvercorp’s additional assets include the development-stage Curipamba copper-gold project, containing the El Domo deposit, and the exploration-stage Condor project in Ecuador.

Posted November 25, 2024

Share this news article

MORE or "UNCATEGORIZED"


Talon Metals Reports New High-Grade Nickel-Copper Assays Across the Vault Zone

Talon Metals Corp. (TSX: TLO) (OTCID: TLOFF) announced new assay ... READ MORE

August 4, 2026

Ramp Metals Intersects 4.0 m of 4.84% CuEq within 28.23 m of 0.86% CuEq in Rush-019, Confirms a Second Mineralized Zone, and Expands the Rush System

Ramp Metals Inc. (TSX-V: RAMP) is pleased to report that drillhol... READ MORE

August 4, 2026

Lion Copper & Gold Announces Maiden Mineral Resource Estimate for the Bear Deposit

Lion Copper & Gold Corp. (CSE: LEO) (OTCQB: LCGMF) is pleased... READ MORE

August 4, 2026

Revival Gold Intersects 3.43 g/t Gold over 131.7 Meters Including 6.6 g/t Gold over 42.5 Meters at Beartrack-Arnett in Idaho

Revival Gold Inc. (TSX-V: RVG) (OTCQX: RVLGF) is pleased to report one o... READ MORE

August 4, 2026

Ridgeline Minerals Converts Exploration Success into All-Cash C$32.7 Million Sale of Carlin & Cortez Trend Gold Portfolio to Nevada Gold Mines

Ridgeline Minerals Corp. (TSX-V: RDG) (OTCQB: RDGMF) (FSE: 0GC0)... READ MORE

August 4, 2026

Copyright 2026 The Prospector News