BUZZ-Silvercorp Metals slips after $130 mln convertible offering

** U.S.-listed shares of Silvercorp Metals SVM.N down 3.9% premarket at $3.42 after Canadian miner's capital raise ** Vancouver-based firm early Thurs announced pricing $130 mln 4.75% 5-yr convertible bond offering ** Initial conversion price of $4.63 (equivalent to C$6.48), represents 30% premium to last sale of U.S. shares ** SVM on Weds tumbled 12.1% to close at $3.56, an over 2-mth low, after co launched the offering ** Co intends to use net offering proceeds for construction of copper-gold mining projects outside of China, for exploration/development of other projects, and working capital ** Through Weds, shares up 35% YTD giving co ~$777 mln market cap, per LSEG data ** Stock's one-year high is $5.32 (Oct 21) and one-year low is $2.22 (Feb 13) (Lance Tupper is a Reuters market analyst. The views expressed are his own) (([email protected] [email protected] 1-646-279-6380))