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"


Purecore Announces Closing of $1.5 Million Non-Brokered Private Placement

Purecore Metals Inc. (CSE: PURE) (FSE: J8Y) is pleased to announc... READ MORE

July 6, 2026

Argenta Silver Intersects 446 g/t Ag over 28.0m, including 1,195 g/t Ag over 6.0m in a 120.0m step out Drill Hole at Yaxtché

Argenta Silver Corp. (TSX-V: AGAG) (OTCQX: AGAGF) (FSE: T1K) is p... READ MORE

July 6, 2026

NIOB Intersects 66 metres of Cumulative Pegmatite at Blanchette

Thickest rare earth element carrying pegmatite interval 33.10 met... READ MORE

July 6, 2026

South Pacific Intersects 5 Metres at 12.84 g/t AuEq (Including 2 Metres at 28.06 g/t AuEq) and 12.2 Metres at 6.24 g/t AuEq (Including 2 Metres at 16.65 g/t AuEq) in Three Mineralised Zones Within One Drill Hole at Recently Discovered Structure at Ontenu

South Pacific Metals Corp. (TSX-V: SPMC) (OTCQB: SPMEF) (FSE: 6J0... READ MORE

July 6, 2026

Inventus Discovers High-Grade Gold in the Matinenda Layer: 10.5 G/T Gold Over 0.5 Metres, Expanding Resource Growth Potential at Pardo

Inventus Mining Corp. (TSX-V: IVS) is pleased to report assay res... READ MORE

July 6, 2026

Copyright 2026 The Prospector News