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Trevali announces closing of acquisition of the Rosh Pinah and Perkoa zinc mines and US$190-million debt facility
Trevali announces closing of acquisition of the Rosh Pinah and Perkoa zinc mines and US$190-million debt facility.
About this update from Trevali Mining Corp.
[{"type":"text","content":"\n\n\n\n\nMarketwire\n\n\n\n\nTrevali announces closing of acquisition of the Rosh Pinah and Perkoa zinc mines and US$190-million debt facility\n\n\nTrevali established as a top-10 global zinc producer\n\n\n\n\n\n\n VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 31, 2017) - \n NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA\n Trevali Mining Corporation (\"Trevali\" or the \"Company\") (TSX:TV)(LMA:TV)(OTCQX:TREVF)(FRANKFURT:4TI) announces it has completed the acquisition (the \"Transaction\") of a portfolio of zinc assets from Glencore PLC (\"Glencore\"), and certain of its subsidiaries, including an 80% interest in the Rosh Pinah mine in Namibia (\"Rosh Pinah\"), a 90% interest in the Perkoa mine in Burkina Faso (\"Perkoa\"), an effective 39% interest in the Gergarub project in Namibia, an option to acquire 100% interest in the Heath Steele project in Canada including certain related exploration properties and assets (together, the \"Assets\"). The aggregate purchase price for the Assets of US$417.86 million is comprised of cash consideration of US$245.21 million (the \"Cash Consideration\"), and an aggregate of 193,432,310 common shares in the capital of the Company (\"Common Shares\") at a deemed price of C$1.20 per Common Share (the \"Share Consideration\").\n The Cash Consideration was funded through a combination of: (i) the proceeds of the previously announced bought deal private placement (the \"Subscription Receipt Offering\") of subscription receipts (\"Subscription Receipts\") conducted by a syndicate of underwriters led by BMO Capital Markets and including Scotia Capital Inc., TD Securities Inc., Eight Capital, National Bank Financial Inc., Paradigm Capital Inc., Cormark Securities Inc., GMP Securities L.P., Haywood Securities Inc., and Raymond James Ltd. (collectively, the \"Underwriters\") and (ii) advances under a US$160-million senior secured term loan (the \"Term Facility\") and a US$30-million senior secured revolving working capital loan (the \"Revolving Facility\" and together with the Term Facility, the \"Facility\"), in each case made available to the Company by The Bank of Nova Scotia and SG Americas Securities LLC, as co-lead arrangers and joint bookrunners, and The Bank of Nova Scotia, Société Générale, Export Development Cana...