09:59 AM EST - Silvercorp Metals Inc. : Has signed a Share Purchase Agreement with Chaarat Gold Holdings Limited and a Cooperation Agreement with the National Investment Agency under the President of the Kyrgyz Republic. Pursuant to these agreements, the Company will acquire a 70% interest in Chaarat ZAAV CJSC, which holds a 100% interest in the mining license (~7 square kilometres) hosting the fully-permitted Tulkubash/Kyzyltash gold projects as well as surrounding exploration licenses (27.42 square kilometres) hosting the Karator and Ishakuld gold zones located in the Tian Shan area of the Kyrgyz Republic for cash consideration of US$162 million. Silvercorp Metals Inc.
shares T.SVM are trading down $0.08 at $16.48.
