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Article: Trevali Plans $7-Million Private Placement Financing; Receives Key Environmental Impact Permit from Peruvian Ministry of Energy and Mines.
- Article from:
- Marketwire Canada
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Nov 5, 2009 (Marketwire via COMTEX) -- Trevali Resources Corp. ("Trevali" or the "Company") (CNSX:TV)(PINK SHEETS:TREVF)(FRANKFURT:4TI) is pleased to announce it has arranged a non-brokered private placement of up to 10,000,000 units at $0.70 per unit for gross proceeds of up to $7,000,000. Each unit is comprised of one common share and one-half a share purchase warrant. Each whole warrant is exercisable at a price of $1.15 per common share for a period of two years from the closing date of the financing.
The Company reserves the right to issue an overallotment of up to 1,000,000 units for additional gross proceeds of up to $700,000.
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