Resumen: Trevali Mining (TV) anuncia que ha arreglado un contrato crediticio con Sprott Resources Lending Partnership. El contrato es por un monto total de $10 millones, con un tipo de interés del 11% anual, a vencerse el 31 de agosto 2013.
Con esto, Trevali continua adquiriendo fondos para el desarrollo de sus proyectos. En particular, el dinero será destinado al desarrollo subterráneo de la mina Halfmile, las actualizaciones y/o reactivaciones de la planta de Caribou, en New Brunswick, y para fines de capital de trabajo en general.
Trevali Arranges $10-Million Bridge Credit Facility
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2012) - Trevali Mining Corporation ("Trevali" or the "Company")(TSX:TV)(TSX:TV.WT)(OTCQX:TREVF)(LMA:TV)(FRANKFURT:4TI) announces that it has entered into $10-million bridge-loan credit facility agreement with Sprott Resource Lending Partnership ("Sprott").
Proceeds of the facility will be applied towards ongoing underground development of the Halfmile Mine and upgrades/reactivation of the Caribou Mill facility (subject to the formal closing of Trevali's planned acquisition of Maple Minerals Corp.) in New Brunswick, and for general working capital purposes.
The facility is for a principal amount of $10 million at an interest rate 11 per cent per annum, compounded and payable monthly, and due and payable in full on or before August 31, 2013. In consideration of the facility, Trevali has made a share bonus payment of $250,000, being 2.5 per cent of the principal amount of the facility, payable in 329,472 common shares of the Company priced at $0.759 per share (a 10 per cent discount to the 5-day volume weighted average trading price immediately prior to the date of the term sheet signed in connection with the facility). The bonus shares will be subject to a hold period of four months and one day from today's date. A structuring fee in the amount of $100,000 has also been paid to Sprott.
Trevali continues to advance progress on securing a senior, corporate-level debt facility in order to support the Caribou Mill re-start where the Company plans to add a copper circuit and modify the mill so that it can process feed from all three of its deposits in the Bathurst Mining Camp, specifically Halfmile, Stratmat and Caribou (subject to the formal closing of its planned acquisition). Seven financial institutions and end-users have signed Confidentiality Agreements and due diligence is well advanced. The Company hopes to be in a position to announce implementation of a senior debt facility in late summer.
It is anticipated that upon completion of a senior-debt facility that Trevali will extinguish this bridge credit facility.
On Behalf of the Board of Directors of TREVALI MINING CORPORATION
Mark D. Cruise, President
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