Trevali Establishes Automatic Share Purchase Plan
September 23 2019 - 7:30AM
Trevali Mining Corporation (“Trevali” or the “Company”)
(TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) today
announced that, in connection with its previously announced normal
course issuer bid (“NCIB”) to purchase up to 40,000,000 of its
common shares (“Common Shares”), it has entered into an automatic
share purchase plan (“ASPP”) with its designated broker. The ASPP
is intended to allow for the purchase of Common Shares under the
NCIB at times when Trevali would ordinarily not be permitted to
purchase shares due to regulatory restrictions and customary
self-imposed blackout periods.
Pursuant to the ASPP, before entering into a
blackout period, the Company may, but is not required to, instruct
the designated broker to make purchases under the NCIB in
accordance with the terms of the ASPP. Such purchases will be
determined by the designated broker at its sole discretion based on
purchasing parameters set by Trevali in accordance with the rules
of the Toronto Stock Exchange (“TSX”), applicable securities laws
and the terms of the ASPP. The ASPP has been pre-cleared by the TSX
and implemented as of September 20, 2019, and will terminate on the
earliest of the date on which: (i) the purchase limit under the
NCIB has been reached; (ii) the NCIB expires; and (iii) the Company
terminates the ASPP in accordance with its terms.
Outside of pre-determined blackout periods,
Common Shares may be purchased under the NCIB based on management’s
discretion, in compliance with TSX rules and applicable securities
laws. The NCIB commenced on November 19, 2018 and ends on November
18, 2019. All purchases made under the ASPP will be included in
computing the number of Common Shares purchased under the NCIB.
About Trevali Mining
Corporation
Trevali is a global base-metals mining company
with four mines: the 90% owned Perkoa Mine in Burkina Faso, the 90%
owned Rosh Pinah Mine in Namibia, the wholly-owned Caribou Mine in
the Bathurst Mining Camp of northern New Brunswick in Canada, and
the wholly-owned Santander Mine in Peru.
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.
Investor Relations
Contact:Brendan Creaney – Vice President, Investor
RelationsEmail: bcreaney@trevali.comPhone: +1 (604) 638-5623
Cautionary Note Regarding
Forward-Looking 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. Statements containing forward-looking information express, as
at the date of this news release, the Company’s plans, estimates,
forecasts, projections, expectations, or beliefs as to future
events or results. Such forward-looking statements and information
include, but are not limited to, statements as to the Company’s
intentions regarding the normal course issuer bid, the number of
common shares that might be purchased by the Company under the
normal course issuer bid, including under the automatic share
purchase plan, and the terms and conditions of any such
purchases.
These statements reflect the Company’s current
views with respect to future events and are necessarily based upon
a number of assumptions and estimates that, while considered
reasonable by the Company, are inherently subject to significant
business, economic, competitive, political and social uncertainties
and contingencies. If any assumptions are untrue, it could cause
actual results, performance or achievements to be materially
different from future results, performance or achievements
expressed or implied by such statements. Assumptions have been made
regarding, among other things, present and future business
strategies and the environment in which the Company will operate in
the future, including commodity prices, anticipated costs and
ability to achieve goals.
Forward-looking statements are subject to known
and unknown risks, uncertainties and other important factors that
may cause the Company’s actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking statements, including
but not limited to: the ability to acquire common shares in the
market through the normal course issuer bid and in compliance with
regulatory requirements; share price volatility; availability of
funds to purchase shares under the normal course issuer bid, as
well as other risks as more fully described in the Company’s annual
information form for the year ended December 31, 2018, which is
available on the Company’s website (www.trevali.com) and filed
under our profile on SEDAR (www.sedar.com). Investors are cautioned
against attributing undue certainty or reliance on forward-looking
statements. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be
as anticipated, estimated, described or intended. The Company does
not intend, and does not assume any obligation, to update these
forward-looking statements or information to reflect changes in
assumptions or changes in circumstances or any other events
affecting such statements or information, other than as required by
applicable law.
Source: Trevali Mining Corporation
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