Trevali Mining Enters Into Agreement with Raymond James Ltd. for $5,000,000 Private Placement Deal

 Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,LMA:TV,FWB:4TI) entered into an agreement with Raymond James Ltd. on a “bought deal” private placement basis. 5,000,000 flow-through shares are to be issued for total proceeds of $5,000,000, at a price of $1.00 per flow-through share.

As quoted in the press release:

The Underwriters have agreed to purchase, on a “bought deal” private placement basis, 5,000,000 common shares to be issued on a “flow-through” basis under the Income Tax Act (Canada) (“Flow-through Shares”) at a price of Cdn$1.00 per Flow-through Share for aggregate gross proceeds of Cdn$5,000,000 (the “Offering”).

Trevali Mining Corporation President and CEO, Mark Cruise, said:

Beyond the imminent anticipated closing of our previously announced debt facility with Rand Merchant Bank (RMB), this financing will strengthen the Company’s treasury and augment planned additional exploration, resource expansion and development programs at our Halfmile Mine and Stratmat project in New Brunswick concurrent with scheduled reactivation of mining and processing operations at the Caribou Mine/Mill Complex.

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