New Pacific Metals Corp. (NYSE:NEWP) has announced a bought deal financing agreement with a syndicate of underwriters for approximately CAD$35 million. The underwriters will purchase 13,208,000 common shares at a price of CAD$2.65 per share. The company will also grant an over-allotment option to purchase up to 1,981,200 additional shares. Silvercorp Metals Inc. and Pan American Silver Corp. have indicated their intent to participate in the offering.