Silvercorp

Silvercorp accepts Perseus's offer for OreCorp

Retrieved on: 
Wednesday, April 10, 2024
PRU, Chapter Six, Corporations Act 2001, TSX, Silvercorp Metals, ASX, Silvercorp, Perseus

Perth, Western Australia/April 10, 204/Perseus Mining Limited (ASX/TSX: PRU) (Perseus or PRU) refers to its off-market takeover bid under Chapter 6 of the Australian Corporations Act for all the current and to be issued ordinary shares in OreCorp Limited (ASX: ORR) (OreCorp or ORR) (Offer).1

Key Points: 
  • Perth, Western Australia/April 10, 204/Perseus Mining Limited (ASX/TSX: PRU) (Perseus or PRU) refers to its off-market takeover bid under Chapter 6 of the Australian Corporations Act for all the current and to be issued ordinary shares in OreCorp Limited (ASX: ORR) (OreCorp or ORR) (Offer).1
    Perseus is pleased to announce that Silvercorp Metals Inc (Silvercorp) has accepted the Perseus Offer.
  • Silvercorp’s acceptance was for a total of 73,889,007 OreCorp Shares (representing 15.61% of OreCorp Shares on issue).
  • As at April 9, 2024, Perseus has a relevant interest in 354,982,123 OreCorp Shares (representing 74.98% of OreCorp Shares on issue).
  • OreCorp Shareholders should ACCEPT the Offer now in respect of Your OreCorp Shares.

Silvercorp Provides OreCorp Offer Update

Retrieved on: 
Friday, March 1, 2024
BMO, Corporations Act 2001, TSX, SVM, ASX, Silvercorp Metals, Perseus, Silvercorp, Corporation, Investment

The Silvercorp Offer is contained in the replacement bidder's statement issued by Silvercorp and dated January 16, 2024 (as supplemented on February 2, 2024) ("Bidder's Statement").

Key Points: 
  • The Silvercorp Offer is contained in the replacement bidder's statement issued by Silvercorp and dated January 16, 2024 (as supplemented on February 2, 2024) ("Bidder's Statement").
  • Silvercorp further notes that, as at the time of this announcement, Perseus Mining Limited ("Perseus") has yet to provide an update on the status of its application to the Fair Competition Commission of Tanzania for an unconditional merger control approval in relation to its off-market takeover bid for all of the ordinary shares in OreCorp ("Perseus Offer").
  • Also, unlike the Silvercorp Offer, Perseus has not agreed to waive all conditions to the Perseus Offer within 3 business days after the 50.1% minimum acceptance condition is satisfied (other than any condition which has been publicly announced being breached or suspected to be breached).
  • Silvercorp encourages all OreCorp shareholders who have not already accepted the Silvercorp Offer to do so without delay.

Helen Cai Joins Silvercorp Board

Retrieved on: 
Wednesday, February 7, 2024
SVM, Institutional Investor, China International Capital Corporation, Tsinghua University, Knowledge, Samuel Sachs, Research, Silvercorp, Chartered Alternative Investment Analyst, Chair, Strategic planning, TSX, Barrick Gold, Acquisition, Goldman Sachs, Asset, Silvercorp Metals

VANCOUVER, BC, Feb. 7, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) today announced the appointment of Helen Cai to its Board as an independent director.

Key Points: 
  • VANCOUVER, BC, Feb. 7, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) today announced the appointment of Helen Cai to its Board as an independent director.
  • Ms. Cai is currently an independent director of Barrick Gold Corporation and Largo Inc., and most recently worked as a managing director with China International Capital Corporation until the spring of 2021.
  • Prior to this, Ms. Cai worked as a research analyst with the Goldman Sachs Group covering American mining and technology sectors and was highly ranked by the StarMine analyst ranking service.
  • Silvercorp's CEO and Chair, Dr. Rui Feng stated: "We are very pleased to welcome Ms. Cai to our Board.

Silvercorp Releases Fiscal 2023 Sustainability Report

Retrieved on: 
Monday, October 16, 2023
Mining, TCFD, NYSE, TSX, ICMM, Safety management system, Occupational safety and health, Northeast Project of the Chinese Academy of Social Sciences, Public, ESG, SDG, Chinese Academy of Engineering, United Nations Global Compact, Fiscal, Publishing, Strategic planning, CASS, Human rights, Health, Economic development, Environment, Sustainability Accounting Standards Board, ISO, Education, Tailings, LTIR, Silvercorp Metals, Group Policy, Task force, International Council, Policy, Safety, Sustainability reporting, SVM, Social science, Occupational Safety and Health Act 1994, Sustainability accounting, Task Force on Climate Related Financial Disclosures, Carr Center for Human Rights Policy, Water, International Council on Mining and Metals, Silvercorp, Metal, Social

VANCOUVER, BC, Oct. 16, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce the publishing of its annual Sustainability Report for Fiscal 2023, detailing the Company's environmental, social, and governance ("ESG") performance, management, and targets.

Key Points: 
  • VANCOUVER, BC, Oct. 16, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce the publishing of its annual Sustainability Report for Fiscal 2023, detailing the Company's environmental, social, and governance ("ESG") performance, management, and targets.
  • "We remain firmly committed to the integration of Environmental, Social, and Governance (ESG) principles into our strategic planning, operations, and management," said Dr. Rui Feng, Chairman and CEO of Silvercorp.
  • "By prioritizing responsible mining, Silvercorp ensures that its operations not only create value for stakeholders but also have a positive impact on the lives of those connected to its activities.
  • As we progress towards our Fiscal 2024 goals and targets, Silvercorp's core values and purpose will guide each decision, ensuring that sustainability and responsibility remain at the forefront of our endeavors."

New Pacific Metals Closes C$35 Million Bought Deal Financing

Retrieved on: 
Friday, September 29, 2023
Minority, Silvercorp, Underwriting, Person, Sale, Acquisition, National instrument, NI, Pan American Silver, Offering, System, Indian stock exchange, TSX, Silvercorp Metals, Pan-American, NEWP, News, NYSE, Security (finance)

VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has closed (the "Closing") the bought deal financing that was previously announced on September 25, 2023.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has closed (the "Closing") the bought deal financing that was previously announced on September 25, 2023.
  • Silvercorp Metals Inc. (“Silvercorp”) participated in the Offering by subscribing for 2,541,890 Offered Shares, representing approximately US$5 million in gross proceeds (approximately C$6.7 million).
  • As of the Closing, Silvercorp owns, directly and indirectly, approximately 27.4% of the outstanding common shares of the Company (the "Common Shares").
  • Pan American Silver Corp. (“Pan American”) participated in the Offering by subscribing for 5,083,780 Offered Shares, representing approximately US$10 million in gross proceeds (approximately C$13.5 million).

New Pacific Metals Closes C$35 Million Bought Deal Financing

Retrieved on: 
Friday, September 29, 2023
Minority, Silvercorp, Underwriting, Person, Sale, Acquisition, National instrument, NI, Pan American Silver, Offering, System, Indian stock exchange, TSX, Silvercorp Metals, Pan-American, NEWP, News, NYSE, Security (finance)

VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has closed (the "Closing") the bought deal financing that was previously announced on September 25, 2023. A total of 13,208,000 common shares of the Company (the “Offered Shares”) were sold under the Offering (as defined below) at a price of C$2.65 per Offered Share (the “Issue Price”) for total gross proceeds of approximately C$35 million (the “Offering”). The Offering was co-led by Raymond James Ltd. and Eight Capital (together, the “Co-Lead Underwriters”), on behalf of a syndicate of underwriters (collectively with the Co-Lead Underwriters, the “Underwriters”), pursuant to the terms of an underwriting agreement between the Company and the Underwriters dated September 26, 2023 (the "Underwriting Agreement").

Key Points: 
  • Not for Distribution in the United States or to U.S. Newswire Services
    VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has closed (the "Closing") the bought deal financing that was previously announced on September 25, 2023.
  • Silvercorp Metals Inc. (“Silvercorp”) participated in the Offering by subscribing for 2,541,890 Offered Shares, representing approximately US$5 million in gross proceeds (approximately C$6.7 million).
  • As of the Closing, Silvercorp owns, directly and indirectly, approximately 27.4% of the outstanding common shares of the Company (the "Common Shares").
  • Pan American Silver Corp. (“Pan American”) participated in the Offering by subscribing for 5,083,780 Offered Shares, representing approximately US$10 million in gross proceeds (approximately C$13.5 million).

New Pacific Metals Announces C$35 Million Bought Deal Financing

Retrieved on: 
Monday, September 25, 2023
Minority, Indian stock exchange, Silvercorp, Toronto Stock Exchange, New Pacific Academy, Underwriting, Person, Sale, Acquisition, National instrument, NI, Pan American Silver, Offering, NYSE American, TSX, Silvercorp Metals, Pan-American, NEWP, News, NYSE, Security (finance)

VANCOUVER, British Columbia, Sept. 25, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has entered into an agreement with Raymond James Ltd. and Eight Capital (the “Co-Lead Underwriters”), on behalf of a syndicate of underwriters (together with the Co-Lead Underwriters, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 13,208,000 common shares of the Company (the “Common Shares”) at a price of C$2.65 per Common Share, for total gross proceeds of approximately C$35 million (the “Offering”). The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,981,200 additional Common Shares (the “Over-Allotment Shares”). The Over-Allotment Option will be exercisable for a period of 30 days following closing.

Key Points: 
  • The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,981,200 additional Common Shares (the “Over-Allotment Shares”).
  • The Over-Allotment Option will be exercisable for a period of 30 days following closing.
  • Silvercorp Metals Inc. (“Silvercorp”) has indicated its intent to participate in the Offering by subscribing to 2,541,890 Common Shares representing approximately US$5 million in gross proceeds (approximately C$6.7 million).
  • In addition, Pan American Silver Corp. (“Pan American”) has indicated its intent to participate in the Offering by subscribing to 5,083,780 Common Shares representing approximately US$10 million in gross proceeds (approximately C$13.5 million).

New Pacific Metals Announces C$35 Million Bought Deal Financing

Retrieved on: 
Monday, September 25, 2023
Minority, Indian stock exchange, Toronto Stock Exchange, Silvercorp, New Pacific Academy, Person, Sale, Acquisition, National instrument, NI, Pan American Silver, Offering, NYSE American, TSX, Silvercorp Metals, Pan-American, NEWP, News, NYSE, Security (finance)

The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,981,200 additional Common Shares (the “Over-Allotment Shares”).

Key Points: 
  • The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,981,200 additional Common Shares (the “Over-Allotment Shares”).
  • The Over-Allotment Option will be exercisable for a period of 30 days following closing.
  • Silvercorp Metals Inc. (“Silvercorp”) has indicated its intent to participate in the Offering by subscribing to 2,541,890 Common Shares representing approximately US$5 million in gross proceeds (approximately C$6.7 million).
  • In addition, Pan American Silver Corp. (“Pan American”) has indicated its intent to participate in the Offering by subscribing to 5,083,780 Common Shares representing approximately US$10 million in gross proceeds (approximately C$13.5 million).

SILVERCORP PROVIDES MANAGEMENT UPDATES

Retrieved on: 
Tuesday, September 5, 2023
SVM, TSX, NYSE, Silvercorp, Silvercorp Metals, Controller

VANCOUVER, BC, Sept. 5, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to report changes to its management team effective immediately to prepare the Company for its future growth initiatives.

Key Points: 
  • VANCOUVER, BC, Sept. 5, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to report changes to its management team effective immediately to prepare the Company for its future growth initiatives.
  • Lon Shaver, Silvercorp's current Vice President, will be promoted to the position of President of the Company.
  • Luke Sun, based in Vancovuer, currently Accounting Manager, will be promoted to the position of Controller.
  • Luke first joined Silvercorp in September 2014, and had held a number of positions in the accounting department, managing financial reporting, regulatory compliance, internal controls and operational analysis.

EXPIRY OF EXCLUSIVITY PERIOD

Retrieved on: 
Wednesday, August 9, 2023
SVM, TSX, Term sheet, Silvercorp Metals, News, NYSE, Silvercorp, Rare-earth element, Lease, Book

VANCOUVER, BC, Aug. 9, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reports that, further to the Company's news release of May 15, 2023, the exclusivity period entered into between Silvercorp and Celsius Resources Limited in the non-binding term sheet (the "Term Sheet") announced on that date, which was subsequently extended, has expired effective July 31, 2023.

Key Points: 
  • VANCOUVER, BC, Aug. 9, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reports that, further to the Company's news release of May 15, 2023, the exclusivity period entered into between Silvercorp and Celsius Resources Limited in the non-binding term sheet (the "Term Sheet") announced on that date, which was subsequently extended, has expired effective July 31, 2023.
  • The two companies have not agreed on the terms of a definitive agreement in line with those contained in the Term Sheet and currently no negotiation is ongoing.