03:52 PM EST - Silvercorp Metals Inc. : Announced a Normal Course Issuer Bid to acquire up to 16,255,503 common shares (approximately 10% of the public float) from December 29, 2015 to December 28, 2016 from the 168,837,356 common shares issued and outstanding as of December 15, 2015. The Company is taking this action because it believes that prevailing market conditions have resulted in Silvercorp's shares being undervalued relative to the immediate and long term value of Silvercorp's portfolio of producing and development properties in China. Silvercorp Metals Inc.
shares T.SVM are trading up $0.01 at $0.68.
