Trevali Announces Closing of Share Consolidation
Trevali Mining Corporation announced the completion of its share consolidation, reducing its outstanding shares from approximately 989.5 million to about 98.9 million. This consolidation will take effect on December 6, 2021, on the Toronto Stock Exchange. The new CUSIP and ISIN numbers are 89531J786 and CA89531J7868, respectively. The company's operational assets include the Perkoa and Rosh Pinah mines in Burkina Faso and Namibia, as well as the Caribou and Santander mines in Canada and Peru.
- Reduction of outstanding shares enhances share value and market perception.
- Consolidation aligns with strategies to improve financial metrics.
- Forward-looking statements carry risks regarding the timing of share trading post-consolidation.
VANCOUVER, BC, Dec. 3, 2021 /PRNewswire/ - Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) (Frankfurt: 4TI) is pleased to announce that it has completed its previously announced share consolidation (the "Consolidation") on the basis of one (1) post-Consolidation common share for every ten (10) pre-Consolidation common shares. The Consolidation will reduce the number of Common Shares issued and outstanding from approximately 989,464,731 Common Shares to approximately 98,946,187 Common Shares. The Common Shares are expected to commence trading on the Toronto Stock Exchange (the "TSX") on a post-Consolidation basis on the opening of trading on December 6, 2021.
The Company's new CUSIP number is 89531J786 and its new ISIN number is CA89531J7868.
ABOUT TREVALI
Trevali is a global base-metals mining Company headquartered in Vancouver, Canada. The bulk of Trevali's revenue is generated from base-metals mining at its four operational assets: the
The shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI). For further details on Trevali, readers are referred to the Company's website (www.trevali.com) and to Canadian regulatory filings on SEDAR at www.sedar.com.
Cautionary Note Regarding Forward-Looking Information and Statements
This news release contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "outlook", "guidance", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology.
Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events including, but not limited to, expectations relating to the timing of the trading of Trevali's shares on a post-Consolidation basis. Forward-looking statements are based on the beliefs, expectations, assumptions and opinions of management of the Company as of the date the statements are published, including, with respect to the forward-looking statements in this news release, the timing of the trading of Trevali's shares on a post-Consolidation basis. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, without limitation, the risk that Trevali's shares do not trade on a post-Consolidation basis on the timeline currently proposed, or at all; and other risks of the mining industry including, without limitation, other risks and uncertainties that are more fully described in the Company's annual information form, interim and annual audited consolidated financial statements and management's discussion and analysis of those statements, all of which are filed and available for review under the Company's profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
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SOURCE Trevali Mining Corporation
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