Announces Declaration Of Quarterly Dividend - Cad$0.02
VANCOUVER, British Columbia � February 13,
2009 � Silvercorp Metals Inc. (�Silvercorp�), China's
largest primary Silver producer, provided notice of its next dividend:
Quarterly Dividend of
quarter dividend has been declared at CAD$0.02 per share and will be paid
on April 21, 2009 to shareholders of record at the close of business
on March 31, 2009. The declaration and amount of any future
dividends will remain at the discretion of the Board of Directors and
may be adjusted in the future based on fluctuations in metal prices and the
Company�s cash flows.
The dividends are
considered eligible dividends for Canadian tax purposes.
Silvercorp announced that
Mr. Michael Hibbitts
has resigned as Vice President, Operations. The Company would like to thank
Mr. Hibbitts for his valuable contributions and wishes him well in his future
Silvercorp Metals Inc.
Silvercorp Metals Inc., China�s
largest primary silver producer, is also engaged in the acquisition,
exploration, and development of silver related mineral properties focusing in
the People's Republic of China (" China").
Silvercorp Metals Inc. is operating and developing four Silver-Lead-Zinc
mines at the highly profitable Ying Mining Camp, Henan Province, China.
Silvercorp is also applying for a mining permit for the newly acquired
95% owned GC & SMT property to profitably mine and produce silver, lead
and zinc metals in Guangdong Province, China.
The Company�s common shares are included as a component of the S&P/TSX
Composite and the S&P/TSX Global Mining Indexes.
further information: SILVERCORP METALS INC., Rui Feng, Chairman & CEO and Lorne
Waldman, Corporate Secretary, Phone: (604) 669-9397, Fax: (604) 669-9387,
Email: email@example.com , Website: www.silvercorp.ca ..
DISCLAIMER -- FORWARD LOOKING STATEMENTS
Statements in this press
release other than purely historical factual information, including
statements relating to future dividends constitute forward-looking
statements. Forward-looking statements are based on numerous assumptions and
are subject to all of the risks and uncertainties inherent in the Company�s
business, including risks inherent in mineral exploration, development, and
mining. There can be no assurance that such forward-looking statements will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Except in accordance with applicable securities
laws, the Company expressly disclaims any obligation to update any
forward-looking statements or forward-looking statements that are
incorporated by reference herein. We seek safe