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Trevali completes $46m financing, shares close higher

29th November 2013

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

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TORONTO (miningweekly.com) – Zinc-focused Trevali Mining on Thursday said it had closed a bought deal financing that had raised $46-million from an offering of 55.4-million shares priced at $0.83 apiece.

The shares were offered under a short-form prospectus filed on Tuesday, and were underwritten by a syndicate of underwriters led by Dundee Securities, and included Raymond James, M Partners, Haywood Securities and Mackie Research Capital.

Trevali said it intended to use the net proceeds of the Caribou mine and mill complex, located near Bathurst, New Brunswick, for general working capital purposes.

The company’s stock closed up 2.47% at C$0.83 apiece on the TSX on Thursday.

Edited by Creamer Media Reporter

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