Trevali Announces Closing of $30 Million Financing

Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) announced that it has closed its previously announced underwritten financing of units and flow-through common shares. As quoted in the press release:

The final Offering size consisted of CAD$10,000,000 in FT Shares and CAD$20,070,000 in Units for total gross proceeds of CAD$30,070,000. In parallel with this Offering, a private placement of CAD$2,340,000 in Units is expected to close early next week with Kallpa Securities SAB of Lima, Peru (“Kallpa”) to qualified South American investors (the “Peruvian Offering”). The total size of the Offering and Peruvian Offering is CAD$32,410,000. A cash commission of 5.0% is payable on the proceeds of the Peruvian Offering to Kallpa as consideration for arranging the private placement.

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