Trevali Mining Corporation (“Trevali” or the “Company”) (TSX:TV)(LMA:TV)(OTCQX:TREVF)(FRANKFURT:4TI) announces that it has entered into an agreement with Dundee Securities Ltd. on behalf of a syndicate of underwriters (together, the “Underwriters”), to purchase on a “bought deal” basis by way of short form prospectus, 19,610,000 common shares of the Company (“Shares”) subject to all required regulatory approval at a price per Share of $1.02 (the “Issue Price”) for gross proceeds of $20,002,200 (the “Offering”). continues here
Oh cool, more dilution. Tonight’s news puts this company at a minimum 305.537m shares out (and it’s probably more already), over double the “oh we gonna be miners any minute” number above. How this company gets away with this scam year after year, all the while getting its free pass from the sycophant brokerages due to the commish generated, it’s absolutely…..well, it’s this: