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| Home : Trevali Receives Final Approval for $30-million Portion of RMB Resources Funding Facility |
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Apr 04
2013 |
Trevali Receives Final Approval for $30-million Portion of RMB Resources Funding Facility |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 4, 2013) - Trevali Mining Corporation ("Trevali" or the "Company") (TSX:TV)(TSX:TV.WT)(OTCQX:TREVF)(LMA:TV)(FRANKFURT:4TI) announces that it has received final approval by the Investment Committee of RMB Resources ("RMB"), the resource financing division of the FirstRand Group of South Africa, for the $30-million of funding associated with its previously announced (see February 28, 2013 news release TV-NR-13-03 and September 26, 2012 news release TV-NR-12-27) $60-million senior debt and prepaid precious metals facility ("Facility"). The debt facility will be used to repay current debt, fund development towards stand-alone mine and mill operations in the Bathurst Camp of New Brunswick, and for general corporate working capital purposes. |
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| Source:http://www.marketwire.com/mw/release.do?id=1775239&sourceType=3 |
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