Silvercorp Metals Inc 6-K, filed Oct 5, 2022
Silvercorp Metals Inc (SVM)
About this 6-K
Silvercorp Metals Inc filed this 6-K on October 5, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
October 5, 2022
Commission File No. 0001-34184
SILVERCORP METALS INC.
(Translation of registrant’s name into English)
Suite 1750 - 1066 West Hastings Street
Vancouver, BC Canada V6E 3X1
(Address of principal executive office)
[Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F]
Form 20-F [ ] Form 40-F [ X ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) [ ]
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is “submitting” the Form 6-K in paper as permitted by Regulation S-T “Rule” 101(b)(7) [ ]
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [ X ]
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Dated: October 5, 2022 | SILVERCORP METALS INC. |
/s/ Derek Liu |
|
Derek Liu |
|
Chief Financial Officer |
2
FORM 51-102F3
MATERIAL CHANGE REPORT
| Item 1. | Name and Address of Reporting Issuer |
Silvercorp Metals Inc. (the “Company” or “Silvercorp”)
Suite 1750 – 1066 West Hastings Street
Vancouver, BC V6E 3X1
| Item 2. | Date of the Material Change |
September 30, 2022
| Item 3. | News Release |
A news release announcing the material change was disseminated on September 30, 2022 through Cision and subsequently filed under the Company’s profile on SEDAR at www.sedar.com.
| Item 4. | Summary of Material Changes |
Silvercorp welcomed Ken Robertson to the board of directors. Mr. Robertson is a Chartered Professional Accountant with over 35 years of public accounting experience in Canada and England. He was a Partner and Global Mining & Metals Group Leader with Ernst & Young LLP ("EY"), where he developed extensive experience in initial public offerings, financings, governance, and securities regulatory compliance. Mr. Robertson holds a Bachelor of Commerce degree from McMaster University and the ICD.D designation from the Institute of Corporate Directors.
| Item 5. | Full Description of Material Change |
See attached news release.
| Item 6. | Reliance on subsection 7.1(2) of National Instrument 51-102 |
Not applicable
| Item 7. | Omitted Information |
Not applicable.
| Item 8. | Executive Officer |
For further information, please contact Lon Shaver, Vice President at 604-669-9397 or at investor@silvercorp.ca.
| Item 9 | Date of Report |
October 5, 2022
NEWS RELEASE
| Trading Symbol | TSX: SVM |
| NYSE AMERICAN: SVM |
SILVERCORP REPORTS 2022 AGM RESULTS AND APPOINTS NEW DIRECTOR
VANCOUVER, British Columbia – September 30, 2022 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”)
(TSX/NYSE American: SVM) is pleased to report that all matters submitted to shareholders for approval as set out in the Company’s Notice of Meeting and Information Circular, both dated August 15, 2022, were approved by the requisite majority of votes cast at Silvercorp’s annual general meeting (“AGM”) held today. A total of 101,907,093 common shares, representing 57.58% of the votes attached to all outstanding shares as at the record date for the meeting, were represented at the AGM. The details of the voting results for the election of directors are set out below:
| Votes For | Withheld | |||
| Director | Number | Percentage | Number | Percentage |
| Dr. Rui Feng | 74,978,190 | 96.08% | 3,057,320 | 3.92% |
| Paul Simpson | 71,088,697 | 91.10% | 6,946,814 | 8.90% |
| David Kong | 71,335,481 | 91.41% | 6,700,030 | 8.59% |
| Yikang Liu | 76,896,116 | 98.54% | 1,139,394 | 1.46% |
| Marina Katusa | 74,288,517 | 95.20% | 3,746,994 | 4.80% |
| Ken Robertson | 76,955,339 | 98.62% | 1,080,171 | 1.38% |
The Company would like to welcome Ken Robertson to the board of directors. Mr. Robertson is a Chartered Professional Accountant with over 35 years of public accounting experience in Canada and England. He was a Partner and Global Mining & Metals Group Leader with Ernst & Young LLP ("EY"), where he developed extensive experience in initial public offerings, financings, governance, and securities regulatory compliance. Mr. Robertson holds a Bachelor of Commerce degree from McMaster University and the ICD.D designation from the Institute of Corporate Directors.
Shareholders also approved the share-based compensation plan and the re-appointment of Deloitte LLP as auditors of the Company for the ensuing year. Final results for all matters voted on at the AGM will be filed on SEDAR at www.sedar.com and on the Company's website.
About Silvercorp
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.
For further information
Silvercorp Metals Inc.
Lon Shaver
Vice President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com