ENP Newswire -
Release date- 28052014 -
Each whole Warrant shall entitle the holder thereof, subject to certain conditions, to purchase one Common Share (a 'Warrant Share') at an exercise price of
Trevali expects to close the offering of the Units on
The Units will be issued on a private placement basis pursuant to exemptions from the prospectus requirements under Canadian securities legislation in an agency transaction led solely by
Trevali intends to use the net proceeds from the Offering: (i) to refinance the RMB Resources Limited Bridge Facility due
The Notes will not be qualified for distribution to the public under the securities laws of any province or territory of
The Notes have not and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in
'Following an extensive review of funding options over the past year, we are very pleased to secure arrangement of this finance facility that represents the final component required to now move our
Trevali is a zinc-focused base metals mining company with operations in
All of the Company's deposits remain open for expansion.
The common shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF) and on the
Investor Relations and Corporate Communications
Tel: (604) 488-1661
This news release contains 'forward-looking statements' within the meaning of
Such forward-looking statements and information include, but are not limited to statements as to: the accuracy of estimated mineral reserves and resources, anticipated results of future exploration, and forecast future metal prices, anticipated results of future electrical sales and expectations that environmental, permitting, legal, title, taxation, socio-economic, political, marketing or other issues will not materially affect estimates of mineral reserves.
These statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.
These statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.
Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained in this news release and the company has made assumptions and estimates based on or related to many of these factors.
Such factors include, without limitation: fluctuations in spot and forward markets for silver, zinc, base metals and certain other commodities (such as natural gas, fuel oil and electricity); fluctuations in currency markets (such as the Peruvian sol versus the U.S. dollar); risks related to the technological and operational nature of the Company's business; changes in national and local government, legislation, taxation, controls or regulations and political or economic developments in
Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended.
The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
Trevali's production plans at Caribou-Halfmile-Stratmat and Santander are based only on Indicated and Inferred Mineral Resources and not Mineral Reserves and do not have demonstrated economic viability. Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is therefore no certainty that the conclusions of the production plans and Preliminary Economic Assessment (PEA) will be realized.
Additionally where Trevali discusses exploration/expansion potential, any potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
We advise US investors that while the terms 'measured resources', 'indicated resources' and 'inferred resources' are recognized and required by Canadian regulations, the
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
Most Popular Stories
- Prosecutor to Investigate Walmart Police Shooting
- GM to Announce New Jobs in Tennessee
- Emirates Hit Libyan Targets With Airstrikes
- Michael Brown Funeral: Can Americans Change the Script of Violence?
- Smith & Wesson Misses Target
- American Killed With ISIS Fighters in Syria
- Surf's Up! SoCal Prepares for Big Storm Surf
- Marco Rubio Warns Obama on Deportations
- Hamas Claims Gaza Ceasefire as Victory Over Israel
- Ford Hires 300 at Louisville Lincoln Plant