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Trevali Signs Term-Sheet With WestLB for Up to US$30,000,000 Debt Facility
Apr. 19, 2011 12:44PM PST
Base Metals Investing Trevali Mining Corporation (TSE:TV) signs an engagement with WestLB AG, New York Branch for a secured term loan of up to US$30,000,000 to advance the Santander zinc-lead-silver mine project.
Trevali Mining Corporation (TSX:TV) signs an engagement with WestLB AG, New York Branch for a secured term loan of up to US$30,000,000 to advance the Santander zinc-lead-silver mine project.
The press release is quoted as saying:
Trevali is rapidly fast-tracking two advanced polymetallic deposits to production in Canada and Peru – the Halfmile and Santander projects respectively. In Canada, Trevali holds the Halfmile and Stratmat polymetallic deposits near Bathurst, New Brunswick, and the Ruttan copper-zinc deposit in northern Manitoba. Advanced permitting and engineering studies are in progress at Halfmile with proposed production at a rate of 2,000-tonnes-per-day, anticipated to commence in 2011.
Click here to access the entire press release
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