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Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) closed its flow-through private placement financing for aggregate gross proceeds of Cdn$15,437,125.00, issuing 14,987,500 common shares on a “flow-through” basis at a price of CDN $1.03 per Flow-through Share including the exercise of the over-allotment option.

Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) closed its flow-through private placement financing for aggregate gross proceeds of Cdn$15,437,125.00, issuing 14,987,500 common shares on a “flow-through” basis at a price of CDN $1.03 per Flow-through Share including the exercise of the over-allotment option.

As quoted in the press release:

The Offering was led by Raymond James Ltd. on behalf of a syndicate that included GMP Securities L. P., Dundee Securities Ltd. and Middlefield Capital Corporation (together, the “Underwriters”).

The Company will incur Canadian exploration expenses (as defined in the Income Tax Act (Canada)) for the gross proceeds raised from the Flow-through Shares no later than December 31, 2013 and will renounce such expenses effective December 31, 2012 and such expenses will qualify as “flow-through mining expenditures” within the meaning of the Income Tax Act (Canada). The gross proceeds from the sale of the Flow-through Shares will be used to fund continued underground development and exploration infrastructure at the Halfmile Mine and exploration expenditures at the Stratmat Deposit.

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

See this press release on Marketwire
Click here to see the Trevali Mining (TSX:TV,OTCQX:TREVF,FWB:4TI) profile.

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