VANCOUVER, Sept. 9, 2011 /CNW/ - The British Columbia Securities Commission has confirmed that it is
conducting a regulatory investigation into anonymous allegations
against Silvercorp Metals Inc. The allegations were made in an
anonymous letter dated August 29, 2011 and addressed to the Ontario
Securities Commission, Silvercorp's auditors and various media outlets.
The BCSC is examining both the nature of the complaint and the
allegations contained in the letter.
Silvercorp is cooperating fully with the investigation into the
allegations contained in the complaint.
"This is a departure from the BCSC's usual policy of keeping
investigations confidential, but we feel it is necessary in order to
conduct a balanced and thorough review to publicly ask the author of
the complaint to come forward" said Lang Evans, Director of Enforcement
for the BCSC.
The BCSC is asking the author of the complaint, or anyone else who may
have information related to the allegations or the identity of the
author, to contact Michael Pesunti of the BCSC Enforcement division at
1-800-373-6393 or 604-899-6500.
If you have questions, contact Richard Gilhooley, media relations,
SOURCE British Columbia Securities Commission
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