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Mar 16, 2016
Trevali Mining Closes $14,950,000 Public Offering
Trevali Mining Corporation (TSX:TV) completed its “best efforts” marketed offering by way of a short-form prospectus of 46,718,750 common shares of Trevali at a price of $0.32 per share for aggregate gross proceeds of $14,950,000. The shares were marketed by a syndicate of agents led by Dundee Securities and including, Raymond James, Scotia Capital, GMP Securities, Haywood Securities, Laurentian Bank Securities and Paradigm Capital.
Trevali is a zinc-focused, base metals mining company with one producing operation in Peru and another currently undergoing commissioning in Canada. In Peru, the company is actively producing zinc and lead-silver concentrates from its 2,000-tonne-per-day Santander mine. In Canada, Trevali owns the Caribou mine and mill, Halfmile mine and Stratmat deposit all located in the Bathurst Mining Camp in northern New Brunswick. The company is currently commissioning its 3,000-tonne-per-day Caribou mine.
Aird & Berlis LLP acted for Trevali with a team consisting of Tom Fenton, Melanie Cole, Chris Berrigan, Barb Worndl and articling student Haley Wong.