VANCOUVER, BC, June 30,
2023 /CNW/ - Trevali Mining Corporation (the
"Company") announced that on June 28,
2023, on application by the Company, the Supreme Court of
British Columbia (the
"Court") granted an order dated June
28, 2023 in the Company's ongoing Companies' Creditors
Arrangement Act proceedings (the "CCAA Proceedings")
pursuant to which FTI Consulting Canada Inc., the Court appointed
"Monitor", has been granted enhanced powers in the CCAA
Proceedings with respect to the Company's business and
affairs.
In connection with the order of the Court enhancing the
Monitor's powers to manage the Company, the Company's remaining
officers (being Brendan Creaney,
Chief Financial Officer, and Steven
Molnar, Chief Legal Officer and Corporate Secretary) and all
other employees have ceased their employment with the Company. In
addition, Russell Ball has resigned
as a director of the Company effective as of June 29, 2023.
About Trevali Mining
Corporation
The Company is a base-metals company headquartered in
Vancouver, Canada. All inquiries
regarding the Company and the CCAA Proceedings should be directed
to the Monitor (email: Trevali@fticonsulting.com or telephone:
+1-877-294-8998). Information about the Company's CCAA Proceedings,
including all court orders, are available on the Monitor's website
(http://cfcanada.fticonsulting.com/trevali/).
For further details on the Company, readers are referred to the
Company's regulatory filings on SEDAR at www.sedar.com.
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SOURCE Trevali Mining Corporation
