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Silvercorp
Metals Inc.
SVM announced it
has acquired a total of 4,468,012 of its common shares at a total cost of
$34,949,140 (average price of CDN$7.82 pursuant to its normal course issuer
bid ("NCIB") announced on June 17, 2011. Under the existing NCIB the Company
intends to acquire up to 10 million common shares. All common shares
purchased under the NCIB will be cancelled.
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