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"


Opus One Gold Corp Releases More Gold Assay Results from Its 2026 Winter Drilling Program on Noyell

Hole NO-26-07 Returns 8.22 g/t Au Over 8.5 m.   Opus One Gold Co... READ MORE

May 6, 2026

Blue Moon Metals Announces Closing of C$156 Million "Bought Deal" Offerings

Blue Moon Metals Inc. (TSX-V: MOON) (NASDAQ: BMM) is pleased to a... READ MORE

May 6, 2026

Viscount Mining Drills Visible Silver-Bearing Mineralization Across First Three Holes at the Kate Resource in Silver Cliff

Drilling targets prolific Tr2 and Tr3 rhyolite host units that hi... READ MORE

May 6, 2026

NexGold Intersects 14.10 g/t Gold Over 6.0 Metres, 2.99 g/t Gold over 20.0 Metres and 10.67 g/t Gold Over 7.0 Metres at the Goldlund Deposit, Ontario

NexGold Mining Corp. (TSX-V: NEXG) (OTCQX: NXGCF) is pleased to ... READ MORE

May 6, 2026

Newcore Gold Drilling Intersects 1.23 g/t Gold over 33.0 Metres, Including 2.16 g/t Gold over 13.0 Metres, at the Enchi Gold Project, Ghana

Diamond Drilling at the Boin Gold Deposit Intersects Gold Mineral... READ MORE

May 6, 2026

Copyright 2026 The Prospector News