-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TFG1Ht19hbJ/T2ifJ3Q+316bJK8Ch4ZPiOb8zyYPmWKBMiwY27k73gR8TZHHwW7T YPne1KF/XXf9m3QAGO6CCA== 0001104659-10-061220.txt : 20101206 0001104659-10-061220.hdr.sgml : 20101206 20101206074715 ACCESSION NUMBER: 0001104659-10-061220 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20101206 DATE AS OF CHANGE: 20101206 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SILVERCORP METALS INC CENTRAL INDEX KEY: 0001340677 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-168435 FILM NUMBER: 101233031 BUSINESS ADDRESS: STREET 1: SUITE 1378 STREET 2: 200 GRANVILLE STREET CITY: VANCOUVER STATE: A1 ZIP: V6C 1S4 BUSINESS PHONE: 604-669-9397 MAIL ADDRESS: STREET 1: SUITE 1378 STREET 2: 200 GRANVILLE STREET CITY: VANCOUVER STATE: A1 ZIP: V6C 1S4 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SILVERCORP METALS INC CENTRAL INDEX KEY: 0001340677 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: SUITE 1378 STREET 2: 200 GRANVILLE STREET CITY: VANCOUVER STATE: A1 ZIP: V6C 1S4 BUSINESS PHONE: 604-669-9397 MAIL ADDRESS: STREET 1: SUITE 1378 STREET 2: 200 GRANVILLE STREET CITY: VANCOUVER STATE: A1 ZIP: V6C 1S4 FWP 1 a10-22468_5fwp.htm FWP

 

FREE WRITING PROSPECTUS

Filed Pursuant to Rule 433

Registration Statement No. 333-168435

December 6, 2010

 

SILVERCORP METALS INC. ANNOUNCES US$100 MILLION BOUGHT DEAL FINANCING

 

Vancouver (December 6, 2010) — Silvercorp Metals Inc. (TSX: SVM; NYSE: SVM) (“Silvercorp” or the “Corporation”) announced today that it has entered into an agreement to sell, to a syndicate of underwriters led by CIBC and BMO Capital Markets (collectively the “Underwriters”), on a bought deal basis, 8,000,000 common shares at a price of US$12.70 per common share, for aggregate gross proceeds of approximately US$101.6 million (the “Offering”).  The Corporation has granted the Underwriters the option to purchase up to an additional 1,200,000 common shares at the same price, exercisable in whole or in part, at any time up until 30 days following closing of the Offering.  If the option is exercised in full the gross proceeds would be approximately US$116.8 million.

 

The proceeds from the Offering will be used to complete the acquisition of the BYP gold-lead-zinc mine in China, for development at the GC mine in China and development at the Silvertip property in British Columbia, and for general corporate purposes.

 

Closing of the Offering is scheduled for December 14, 2010.

 

The Corporation intends to file a prospectus supplement to its existing base shelf prospectus on or about December 7, 2010 with the securities regulatory authorities in each of the provinces and territories of Canada, except Quebec, and will make a similar filing with the U.S. Securities and Exchange Commission. You may obtain a copy of the base shelf prospectus and prospectus supplement filed in the United States from CIBC World Markets Corp., 425 Lexington Avenue, 5th Floor, New York, New York, 10017, by fax at 212-667-6303 or by e-mail at useprospectus@us.cibc.com. You may obtain a copy of the base shelf prospectus and prospectus supplements filed in Canada from CIBC, fax 416-594-7242 or request a copy by telephone at 416-594-7270. You may obtain a copy of the base shelf prospectus and prospectus supplement filed in the United States from BMO Capital Markets Corp., Attention: Lori Begley, 3 Times Square, 27th Floor, New York, New York, 10036 (tel:212-885-4039). You may obtain a copy of the base shelf prospectus and prospectus supplements filed in Canada from BMO Capital Markets by contacting Investor Relations, Distribution Department, 1 First Canadian Place, B2 Level, Toronto, Ontario, M5X 1H3 (tel: 416-363-6996 x224).

 

Silvercorp Metals Inc. is engaged in the acquisition, exploration, development and mining of high-grade silver-related mineral properties in China and Canada. Silvercorp is the largest primary silver producer in China through the operation of the four silver-lead-zinc mines at the Ying Mining Camp in the Henan Province of China. The Corporation has applied for a mining permit for its GC silver-lead-zinc mine in the Guangdong Province and recently announced the acquisition of a 70% interest in the BYP gold-lead-zinc mine in Hunan province. In Canada, Silvercorp is in preparation of applying for a Small Mine Permit for the Silvertip silver-lead-zinc mine project in northern British Columbia to provide a further platform for growth and geographic diversification. The Corporation’s shares are traded on the New York Stock Exchange and Toronto Stock Exchange and are included as a component of the S&P/TSX Composite and the S&P/TSX Global Mining Indexes.

 

This press release shall not constitute an offer to sell or a solicitation of an offer to buy common shares nor shall there be any sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

 

For further information: SILVERCORP METALS INC., Rui Feng, Chairman & CEO and Lorne Waldman, Corporate Secretary, Phone: (604) 669-9397, Fax: (604) 669-9387, Toll Free 1(888) 224-1881, E-mail: investor@silvercorp.ca, Website: www.silvercorp.ca.

 

Cautionary Note Regarding Forward-Looking Statements and Information:

 


 

Certain of the statements and information in this press release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the completion of the Offering; the planned use of proceeds from the Offering; timing of receipt of permits and regulatory approvals; and development of the Corporation’s properties.

 

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: the need to negotiate an underwriting agreement with the Underwriters and to satisfy the conditions set forth therein; the need to satisfy regulatory and legal requirements with respect to the proposed Offering; fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; First Nations title claims and rights; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Corporation; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Corporation’s existing operations; competition; operations and political conditions; regulatory environment in China and Canada; environmental risks; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management; internal control over financial reporting as per the requirements of the Sarbanes-Oxley Act; and bringing actions and enforcing judgments under U.S. securities laws.

 

This list is not exhaustive of the factors that may affect any of the Corporation’s forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Corporation or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Corporation’s Annual Information Form for the year ended March 31, 2010 under the heading “Risk Factors” and in the Corporation’s Short Form Base Shelf Prospectus dated August 11, 2010. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

 

The Corporation’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Corporation does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

 

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