Trevali Closes $10-Million Private Placement Financing

Trevali Mining Corporation (TSX:TV) reports the closure of the remaining $3.85-million of its $10-million private placement financing.

The press release is quoted as saying:

The Company in conjunction with its partner, Glencore International A.G., has entered into a definitive development agreement for the Santander zinc-lead-silver project in west-central Peru that will see Glencore provide and operate on the property, a 2,000-tonne-per-day concentrate plant, undertake mining operations on a ‘contractor/toll basis’ and enter into a long-term concentrate offtake agreement with the Company for 100% of the Santander project’s production at International Benchmark terms.

Click here to access the entire press release