Offering's proceeds slated to advance Halfmile and Santander projects
By Devika Patel
Knoxville, Tenn., July 7 - Trevali Mining Corp. said it arranged a C$15 million non-brokered private placement of stock.
The company will sell 10 million common shares at C$1.50 apiece, an 11.77% discount to the July 6 closing share price of C$1.70.
Settlement is expected July 21.
Proceeds will be used to advance the company's Halfmile and Santander mine development projects and for general working capital purposes.
Trevali is a Vancouver, B.C.-based copper, zinc, lead and silver exploration company.
| Issuer: | Trevali Mining Corp.
|
| Issue: | Common shares
|
| Amount: | C$15 million
|
| Shares: | 10 million
|
| Price: | C$1.50
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | July 7
|
| Settlement date: | July 21
|
| Stock symbol: | TSX Venture: CNI
|
| Stock price: | C$1.70 at close July 6
|
| Market capitalization: | C$152.77 million
|
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