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Trevali shareholders approve acquisition of Glencore's African zinc mines
Trevali shareholders approve acquisition of Glencore's African zinc mines.
About this update from Trevali Mining Corp.
[{"type":"text","content":"\n\n\n\n\nMarketwire\n\n\n\n\nTrevali shareholders approve acquisition of Glencore's African zinc mines\n\n\n\n\n\n\n\n\n\n VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 18, 2017) - Trevali Mining Corporation (\"Trevali\" or the \"Company\") (TSX:TV)(LMA:TV)(OTCQX:TREVF)(FRANKFURT:4TI) reports that at its Special Meeting held on May 17, 2017 shareholders voted in favour of all resolutions supporting the Company's proposed acquisition of a portfolio of zinc assets from Glencore, including an 80.08-percent interest in the Rosh Pinah mine in Namibia, a 90-percent interest in the Perkoa mine in Burkina Faso, an effective 39.24-percent interest in the Gergarub project in Namibia, an option to acquire a 100-percent interest in the Heath Steele property in Canada, and certain related exploration properties and assets.\n There were 157,588,572 common shares represented in person or by proxy at the Special Meeting, representing 39.04% of the Company's total issued and outstanding common shares. The report of voting results is as follows:\n \n \n \n  \n Description of Matter\n Outcome of\n  Vote\n Votes\n For\n Votes\n Withheld\n Votes\n Against\n \n \n 1.\n Consideration Share Resolution\n Resolution approved\n 139,844,550*\n (99.81%)\n n/a\n 267,116\n (0.19%)\n \n \n 2.\n Private Placement Resolution\n Resolution approved\n 139,659,903*\n (99.68%)\n n/a\n 451,763\n (0.32%)\n \n \n 4.\n Shareholder Rights Plan Termination Resolution\n Resolution approved\n 139,819,920*\n (99.79%)\n n/a\n 291,746\n (0.21%)\n \n \n \n \n \n \n * Excludes 17,476,906 shares held by interested parties\n \n \n \n \"The overwhelming approval by the voting shareholders is a resounding endorsement of the Company's planned acquisition of these zinc mines from Glencore,\" stated Dr. Mark Cruise, Trevali's President and CEO. \"This transformative transaction will propel Trevali to top-10 global zinc producer status and create a premier pure-play zinc miner with sector-leading leverage to the commodity.\"\n ABOUT TREVALI MINING CORPORATION\n Trevali is a zinc-focused, base metals mining company with two commercially producing operations.\n The Company is actively producing zinc and lead-silver concentrates from its 2,000-tonne-per-day Santander mine in Peru and its 3,000-tonne-per-day Caribou mine in the Bathurst Mining Camp of northern New Brunswick. Tre...