Silvercorp Announces Closing of US$150 Million Convertible Senior Notes Offering
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NEWS RELEASE
Trading Symbol: TSX: SVM
NYSE AMERICAN: SVM
SILVERCORP ANNOUNCES CLOSING OF US$150 MILLION CONVERTIBLE SENIOR NOTES OFFERING
VANCOUVER, British Columbia – November 25, 2024 – Silvercorp Metals Inc. (“Silvercorp” or the
“Company”) (TSX/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 (the "Notes" and the "Offering"), 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.
For further information
Silvercorp Metals Inc.
Lon Shaver
President
Phone: (604) 669-9397
Toll Free: 1 (888) 224-1881
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Email: [email protected]
Cautionary statement on forward-looking information
Certain statements in this release constitute "forward -looking statements" or "forward -looking
information" within the meaning of applicable securities laws. Such statements and information
involve known and unknown risks, uncertainties and other factors that may cause the actual re sults,
performance or achievements of the C ompany, its projects, or industry results, to be materially
different from any future results, performance or achievements expressed or implied by such forward-
looking statements or information. Such statements ca n be identified by the use of words such as
"may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate",
"scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events
or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements
reflect the Company's current expectations regarding future events, performance and results and
speak only as of the date of this release. Such statements include, without limitation, the expected use
of proceeds from the Offering.
Forward-looking statements and information involve significant risks and uncertainties, should not be
read as guarantees of future performance or results and will not necessarily be accurate indicators of
whether or not such results will be achieved. A num ber of factors could cause actual results to differ
materially from the results discussed in the forward- looking statements or information, including, but
not limited to, risks related to the fact that the Company's management will have broad discretion in
the use of the proceeds from the Offering; fluctuating commodity prices; recent market events and
condition; estimation of mineral resources, mineral reserves and mineralization and metal recovery;
interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and
development programs; climate change; economic factors affecting the Company; timing, estimated
amount, capital and operating expenditures and economic returns of future production; integration
of future acquisitions into existing operations; permits and licences for mining and exploration in China;
title to properties; non -controlling interest shareholders; acquisition of commercially mineable
mineral rights; financing; competition; operations and political conditions; regulatory environment in
China; regulatory environment and political climate in Bolivia and Ecuador; integration and operations
of Adventus; environmental risks; natural disasters; dependence on management and key personnel;
foreign exchange rate fl uctuations; insurance; risks and hazards of mining operations; conflicts of
interest; internal control over financial reporting as per the requirements of the Sarbanes -Oxley Act;
outcome of current or future litigation or regulatory actions; bringing actions and enforcing judgments
under U.S. securities laws; cyber-security risks; public health crises; the Company’s investment in New
Pacific Metals Corp. and Tincorp Metals Inc.; and the other risk factors described in the Company’s
Annual Information Form and other filings with Canadian and U.S. regulators on www.sedar.com and
www.sec.gov.
Although the forward-looking statements contained in this release are based upon what management
of the Company believes are reasonable assumptions, there can be no assurance that actual results
will be consistent with these forward - looking statements. These forward -looking statements are
made as of the date of this release and are expressly qualified in the ir entirety by this cautionary
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statement. Subject to applicable securities laws, the Company does not assume any obligation to
update or revise the forward-looking statements contained herein to reflect events or circumstances
occurring after the date of this release.