Trevali Prices 12.5% Senior Secured Notes at $52.5-Million

Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) has priced 52,500 units consisting of 12.5% Senior Secured Notes due May 30, 2019 and Common Share purchase warrants at a price of C$980 per Unit. Each Unit will consist of C$1,000 principal amount of Notes and 123.2 Warrants for aggregate proceeds of C$51,450,000.

As quoted in the press release:

Each whole Warrant shall entitle the holder thereof, subject to certain conditions, to purchase one Common Share (a “Warrant Share”) at an exercise price of $1.26. The Warrants will expire on May 30, 2019.

Trevali expects to close the offering of the Units on May 30, 2014, subject to the satisfaction of customary closing conditions.

Click here to read the Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) press release
Click here to see the Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) profile.

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