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Jun 11, 2015
Trevali Mining Corporation Completes $30.6 Million Bought-Deal Offering
Trevali Mining Corporation (TSX:TV) completed its bought-deal offering of 30,000,000 common shares at a price of $1.02 per share for aggregate gross proceeds of $30,600,000. The shares were offered pursuant to a short form prospectus dated June 3, 2015, and were underwritten by a syndicate of underwriters led by Dundee Securities Ltd. and including Raymond James Ltd., GMP Securities L.P., Scotia Capital Inc., Haywood Securities Inc., M Partners Inc., Mackie Research Capital Corporation and Paradigm Capital Inc. The Underwriters have also been granted an option to purchase up to an additional 15% of the offering, exercisable in whole or in part at any time up to July 11, 2015.
Trevali intends to use the net proceeds of the offering to accelerate the ramp-up process and expedite optimization initiatives at the Company's Caribou zinc mine in New Brunswick during commissioning, and for working capital and general corporate purposes.
Trevali is a zinc-focused, base metals mining company with one producing operation in Peru and another currently undergoing commissioning in Canada.
Aird & Berlis LLP acted as counsel to Trevali Mining Corporation with a team consisting of Tom Fenton, Sherri Altshuler and Melanie Cole (Corporate Finance), Carol Burns (Tax) and Jesse Waslowski (Summer Student).