Trevali announces agreement to purchase Glencore's producing Rosh Pinah and Perkoa zinc mines

14 March 2017

Trevali announces agreement to purchase glencore's producing rosh pinah and perkoa zinc mines- creating a premier global zinc producer.Trevali mining corp - deal for an aggregate purchase price of approximately us$400 million.

Trevali mining - consideration will be paid to glencore on closing of transaction and will consist of about us$244 million in cash, subject to customary adjustments.Trevali-Deal expected to be funded through combination of new senior secured credit facility,proceeds from private placement of subscription receipts.

Trevali mining - will acquire portfolio of zinc assets from glencore, including 80% interest in rosh pinah mine in namibia 90% interest in perkoa mine in burkina faso.Trevali mining-deal consideration will consist of approximately us$244 million in cash and issuance by trevali of 175.1 million trevali common shares.

Trevali mining - will acquire 39% interest in gergarub project in namibia, an option to acquire 100% interest in heath steele property.Trevali - board of trevali may terminate deal in favour of unsolicited superior proposal, subject to payment of termination payment of us$9 million.

Trevali mining corp - bought deal private placement basis, 191.7 million subscription receipts of trevali at a price of c$1.20 per subscription receipt.Trevali mining corp - deal consideration will consist of 175.1 million trevali common shares at a deemed price of c$1.20 per common share.