Lead Company News Directory

Trevali Mining Closes $30.6 Million Financing

Trevali Mining (TSX:TV,OTCQX:TREVF,FWB:4TI) has closed its previously announced bought-deal offering for proceeds of $30.6 million. Proceeds will be used to accelerate the ramp up process and optimization initiatives at Trevali's Caribou zinc mine.

Trevali Bought-Deal Financing Increased to $30 Million

Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) amended its previous agreement with Dundee Securities Ltd. on behalf of a syndicate of underwriters. The Underwriters will now purchase, 30,000,000 common shares of Trevali for gross proceeds of $30,600,000 by way of short form prospectus. The option to purchase an additional 15% of the offering has been granted to the Underwriters. The offering is expected to close on or about June 11, 2015.

Trevali Mining Announces $20 Million Bought Deal Financing

Trevali Mining (TSX:TV,OTCQX:TREVF,FWB:4TI) announced a bought-deal private placement for gross proceeds of approximately $20 million. The company has entered an agreement with Dundee Securities to purchase 19,610,000 shares of the company at $1.02 per share by way of a short form prospectus.

Trevali Releases Updated Resource Estimate for Stratmat Deposit

Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) announced an updated resource estimate for its Stratmat Deposit in New Brunswick: Indicated resource of 4.7 million tonnes grading 5.31% zinc, 2.07% lead, 0.41% copper, 48.52 g/t silver and 0.59 g/t gold, and an Inferred resource of 2.40 million tonnes grading 4.76% zinc, 2.07% lead, 0.70% copper, 38.82 g/t silver and 0.42 g/t gold; using a 5% ZnEq cutoff. According to CEO Dr. Mark Cruise, "The resource estimate has successfully increased the Companies confidence in the Stratmat deposit and added significant new tonnage, all very important for the next phase as Trevali advances its growth plans for the Bathurst Mining Camp."

Trevali Announces Caribou Mine Mill Commissioning

Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) announced that mill commissioning has begun at its Caribou Zinc Mine in New Brunswick. Initial commissioning will begin with low-grade material as the operators bring the grinding and flotation circuits up to specification. Once sufficient operational data is obtained, tentatively shceduled around July-August, Trevali will begin to mobilize its senior metallurgical consultant to site to provide additional technical and metallurgical support capacity. Dewatering at the mill is ongoing and continues to progress following a heavy Spring melt.

Trevali Mining Reports 2015 First Quarter Financial Results

Trevali Mining Corporation (TSXV:TV,OTCMKTS:TREVF) announced its first quarter 2015 financial results, which showed a net loss of $2.8 million or $0.01 per share, partially due to non-recurring items. The company’s Santander mine’s operational income for the quarter was $2.2 million on concentrate sales revenue of $25.9 million. It also announced the date for a conference call and audio webcast to review the results.

Wildcat Exploration Set to Acquire Diamond Properties in Pikoo, Gold Properties in Flin Flon

Wildcat Exploration (TSXV:WEL) signed non-binding letters of intent with owners of several diamond properties in the in the Pikoo, Saskatchewan area, and gold properties in the Flin Flon – Snow Lake mining area of Manitoba. Under the agreements, the parties will enter into definitive agreements, subject to applicable regulatory and board approvals, on or about May 31, 2015, or another date that the parties agree on. Acquisition of the gold properties will be for $200,000 to be satisfied by a non-interest bearing demand note payable to Copper Reef, secured by the gold properties. As consideration for the diamond properties, Wildcat will be issuing 5,500,000 common shares to Copper Reef, 3,500,000 common shares to Strike Diamond and 2,000,000 common shares to Kalt Industries. Wildcat has also announced a private placement for $400,000, consisting of both flow through and non-flow through units.