VANCOUVER, BC, June 30,
2023 /PRNewswire/ - 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