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Trevali Mining Granted Final Approval for $30-million of RMB Resources Funding Facility
Apr. 04, 2013 11:30AM PST
Base Metals Investing Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) has been granted final approval from the Investment Committee of RMB Resources for the $30-million of funding associated with its previously announced $60-million senior debt and prepaid precious metals facility.
Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) has been granted final approval from the Investment Committee of RMB Resources for the $30-million of funding associated with its previously announced $60-million senior debt and prepaid precious metals facility.
As quoted in the press release:
The debt facility will be used to repay current debt, fund development towards stand-alone mine and mill operations in the Bathurst Camp of New Brunswick, and for general corporate working capital purposes.
Trevali President and CEO Dr. Mark Cruise said:
The final approval of the initial $30-million funding by RMB enables the Company to order lead items and advance our New Brunswick mill and mine development project towards production.
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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