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"


Heliostar Presents Q2 2026 Financial and Operating Results with Record Gold Production and Cash Balance

Q2 2026 Highlights: Produced a record 14,803 gold ounces and 79,7... READ MORE

August 7, 2026

Galiano Gold Reports Second Quarter 2026 Results

Maintains Full-Year 2026 Guidance and Advances Key Growth Priorit... READ MORE

August 7, 2026

Lundin Gold Reports Second Quarter 2026 Results

Strong Quarterly Earnings and Continued Significant Shareholder R... READ MORE

August 7, 2026

Perpetua Resources Reports New High-Grade Gold and Antimony Discoveries and a New Gold-Tungsten Zone at Stibnite

First exploratory drilling in nearly a decade at Perpetua’s... READ MORE

August 7, 2026

Torex Gold Reports Q2 2026 Results

Strong free cash flow and 46% AISC margin support continued capit... READ MORE

August 7, 2026

Copyright 2026 The Prospector News