Trevali Mining Two-Thirds Through $15M Offering to Fund Santander Mine in Peru
Trevali Mining Corp (TV.TO) is ahead 11.5%, running up a 15-cent advance to $1.45 a share this afternoon after earlier announcing it completed a private placement of 7.87 million shares of common stock priced at $1.32 each and raising $10.4 million in gross proceeds.
Trevali intends to use the new money for its Santander zinc-lead-silver mine in
central Peru. The company and a Lima, Peru-based brokerage also are offering an additional 3.49 million share to qualified investors throughout South America, lifting the expected total proceeds to $15 million.
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