Canada’s Trevali Mining receives court approval of claims process

By Wendy Van Sickle

Columbus, Ohio, March 29 – Trevali Mining Corp. announced the Supreme Court of British Columbia approved a claims process order as part of the company's ongoing Companies' Creditors Arrangement Act proceedings, according to a news release.

The order provides for a claims process under which the court-appointed monitor, FTI Consulting Canada Inc., and the company will call for and adjudicate, as necessary, all claims against the company and its wholly owned subsidiary, Trevali Mining (New Brunswick) Ltd., as well as their directors and officers.

Known creditors regarding whom the company and monitor have sufficient information to make a reasonable assessment of their claim will be sent a claims notice setting out the amount and status of their claim.

Creditors who receive a claims notice but wish to dispute the amount and status of their claim must submit a proof of claim form to the monitor.

All other creditors who wish to assert a claim must submit a proof of claim form to assert a claim against Trevali or a director/ officer claim form to assert a claim against Trevali's directors and officers.

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

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