09:43 AM EST - Silvercorp Metals Inc. : said it has signed a definitive purchase agreement with Silver Standard Resources Inc. to purchase a 100% interest in the Silvertip silver-lead-zinc project covering 216 square kilometres in northern British Columbia, Canada. Total consideration for the project is $15 million with up to 50% to be paid in Silvercorp common shares and the balance in cash. The closing date is expected on or before February 26. Located just south of the Yukon border and readily accessible by a 25-kilometre road from the Alaska Highway, the Silvertip property hosts an advanced-stage, high-grade silver-lead-zinc carbonate replacement deposit system. Silvercorp Metals Inc.
shares T.SVM are trading even at $6.77.
