SILVERCORP ANNOUNCES CLOSING OF US$150 MILLION CONVERTIBLE SENIOR NOTES OFFERING

Core Viewpoint - Silvercorp Metals Inc. has successfully closed a private placement offering of US$150,000,000 in convertible senior notes, which will be used for various mining projects and working capital [1]. Group 1: Offering Details - The offering consists of 4.75$20,000,000 from the initial purchasers' option [1]. - The notes are being offered on a private placement basis and are not registered under the U.S. Securities Act or any state securities laws [2]. Group 2: Company Background - Silvercorp Metals Inc. is a Canadian mining company engaged in the production of silver, gold, lead, and zinc from its operations in China [4]. - The company also has development-stage and exploration-stage projects, including the Curipamba copper-gold project in Ecuador [4].