Past year: ▲ 58%(9.10 – 18.96 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
25 Nov 2024capital raising announcement● NeutralMajor
On November 25, 2024 Silvercorp closed its convertible notes offering at US$150 million (4.75%, due 2029), because the buyers used the full extra US$20 million option on top of the US$130 million priced earlier. This completes the financing; the proceeds are intended for copper-gold mine construction outside China, other project development and working capital. If the notes convert into shares, existing holders would be diluted (inference).
15 Dec 2010capital raising announcement● NeutralMajor
Silvercorp closed its bought-deal share offering on December 14, 2010, issuing 9,200,000 common shares at US$12.70 for gross proceeds of US$116.84 million (about US$111.0 million after underwriting fees), including the underwriters' full over-allotment option of 1,200,000 shares. The company says the money is for completing the acquisition of the BYP gold-lead-zinc mine in China, development at the GC mine in China, development at the Silvertip property in British Columbia, and general corporate purposes. For shareholders this means new shares were issued, so existing holders own a smaller share of the company, while the company gains cash to fund the stated projects.
