Mr. Brendan Creaney reports
TREVALI PROVIDES UPDATE ON REVOLVING CREDIT FACILITY AND STRATEGIC REVIEW PROCESS
Trevali Mining Corp. continues to engage with its syndicate of lenders on a solution to short-term financing and liquidity requirements, and has been granted a waiver of compliance with the existing financial covenants until July 31, 2020. No new covenants or modifications have been introduced.
The company continues to advance the strategic review process with its financial advisers to explore financing alternatives to enhance shareholder value. No timeline for its completion has been currently defined.
Trevali is a global base metal mining company, headquartered in Vancouver, Canada. The bulk of Trevali's revenue is generated from base metal mining at its three operational assets: the 90-per-cent-owned Perkoa mine in Burkina Faso, the 90-per-cent-owned Rosh Pinah mine in Namibia and the wholly owned Santander mine in Peru.
We seek Safe Harbor.
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