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Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) amended its previous agreement with Dundee Securities Ltd. on behalf of a syndicate of underwriters. The Underwriters will now purchase, 30,000,000 common shares of Trevali for gross proceeds of $30,600,000 by way of short form prospectus. The option to purchase an additional 15% of the offering has been granted to the Underwriters. The offering is expected to close on or about June 11, 2015.
Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) amended its previous agreement with Dundee Securities Ltd. on behalf of a syndicate of underwriters. The Underwriters will now purchase, 30,000,000 common shares of Trevali for gross proceeds of $30,600,000 by way of short form prospectus. The option to purchase an additional 15% of the offering has been granted to the Underwriters. The offering is expected to close on or about June 11, 2015.
As quoted in the press release:
The Underwriters have 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 30 days after the closing of the Offering (the “Option”).
The Offering is scheduled to close on or about June 11, 2015. The Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals.
The net proceeds of the Offering will be used to accelerate the ramp-up process and expedite optimization initiatives at the Company’s Caribou Zinc mine during commissioning, and for working capital and general corporate purposes.The Shares will be offered by way of a short form prospectus to be filed in all of the provinces of Canada, excluding Quebec, pursuant to National Instrument 44-101 – Short Form Prospectus Distributions.
Click here to read the Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) press release
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