La minera junior Trevali Mining (BVL: TV) anuncia que ha adquirido $20 millones por parte de su socio Glencore International AG, por medio de una línea de capital de trabajo. Este capital será utilizado para cubrir las necesidades de capital y efectivo de corto plazo para la mina de zinc, plomo y plata, "Santander", durante la próxima puesta en marcha y operaciones en curso.
La facilidad de capital de trabajo es pagadero en un período de 4 años a partir de la producción comercial en la fábrica de Santander y tiene una tasa de interés de LIBOR +5%. Puede ser pagado en cualquier momento sin penalización.
Trevali Enters Into a US$20-Million Working Capital Facility With Glencore International for Santander Mine
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2012) - Trevali Mining Corporation ("Trevali" or the "Company") (TSX:TV)(TSX:TV.WT)(OTCQX:TREVF)(LMA:TV)(FRANKFURT:4TI) announces it has arranged a US$20-million working capital facility from development partner Glencore International A.G. ("Glencore"). The working capital facility is to cover short-term capital and cash management needs at the Company's 100%-controlled Santander Zinc-Lead-Silver Mine in Peru during the upcoming commissioning/ramp-up phase and in ongoing operations.
The secured working capital facility is payable over a 4-year period following commercial production at the Santander Mill and bears an interest rate of LIBOR +5%. It may be pre-paid at any stage without penalty. The working capital facility has been provided by way of a first addendum to the Company's Framework Agreement for the Development and Operation of the Santander Project.
The Company also wishes to announce that it has entered into a concentrate off-take agreement with Glencore for future metal concentrates produced from the Company's Caribou operation located in the Bathurst Mining Camp of New Brunswick.
"Through this ongoing support from Glencore, one of our largest shareholders and Santander Mine development partner, we are pleased to establish this working capital facility as our Santander operation approaches production; and additionally to expand our business relationship and further de-risk and streamline our New Brunswick development plans," stated Dr. Mark Cruise, Trevali's President and CEO. "Securing a long-term concentrate sales agreement with Glencore, the world's largest commodity trader, is a major vote of confidence in the potential of Trevali's Caribou mine, the management team and our growth vision for the Bathurst Mining Camp in New Brunswick."
On Behalf of the Board of Directors of
TREVALI MINING CORPORATION
Mark D. Cruise, President
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