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Silvercorp Metals Inc.

03:42 PM EST - Silvercorp Metals Inc. : announced that its 77.5%-owned subsidiary, Henan Found Mining Co., signed a share purchase agreement to acquire a 90% equity interest in Zhongxing Mining Co. Ltd. and Chuanxin Mining Co. Ltd., two local private mining companies, with common owners, in Luoyang City, Henan Province. Silvercorp Metals Inc. shares T.SVM are trading up $0.28 at $8.62.