Trevali Announces $40.0 Million Offering of 5-Year Convertible Senior Unsecured Debentures by Way of a Short Form Prospectus

- September 21st, 2011

Trevali Mining Corporation (TSE:TV,FSE:4TI,OTCQX:TREVF) announces that it has filed a preliminary short form prospectus with the Securities Commissions in each of the Provinces of Canada.

Trevali Mining Corporation (TSX:TV,FSE:4TI,OTCQX:TREVF) announces that it has filed a preliminary short form prospectus with the Securities Commissions in each of the Provinces of Canada.

The press release is quoted as saying:

The Company will grant the Underwriters an over-allotment option to purchase up to C$6.0 million aggregate principal amount of Debentures to cover over-allotments and for market stabilization purposes, exercisable in whole or in part at any time up to 30 days after the closing of the Offering. The net proceeds of the Offering will be used for construction expenditures at the Halfmile Property and the Santander Property, to repay principal and interest on an outstanding loan in the amount of US$8.4 million to Cardero Resource Corp., to prepare, if required, a mill feasibility study at the Halfmile-Stratmat Property, to engage a preliminary economic assessment at the Ruttan Property, and for general working capital purposes.

Trevali’s President and CEO, Mark Cruise stated:

“We are pleased with the announcement of this financing that enables Trevali to complete final development and mine construction at both Halfmile in New Brunswick and Santander in Peru. The Company greatly looks forward to making its transition from an explorer to producer over the upcoming months, and providing investors with one of the few new opportunities on the TSX for exposure to the zinc-lead-silver sector following the recent M&A activity that has resulted in the takeovers of Farallon Mining and Breakwater Resources over the past several months.”

Click here to access the entire news release. 

Click here to access Trevali’s company profile.((TSX:TV,FSE:4TI,OTCQX:TREVF)

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