Trevali continues talk on refinancing; gets waiver of compliance

By Taylor Fox

Chicago, July 31 – Trevali Mining Corp. is continuing conversations with its syndicate of lenders to find a solution to short-term financing and liquidity requirements and has been granted a waiver of compliance with its existing financial covenants until Aug. 31, according to a news release.

As part of the waiver, the minimum financial liquidity requirement of $15 million has been reduced to $10 million. All other terms of the facility will be unchanged.

Trevali will continue to advance its strategic review process with its financial advisers to explore financing alternatives to enhance shareholder value.

Trevali is a Vancouver B.C.-based zinc-focused base metals mining company with operations in Peru and Canada.

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