Trelawney Completes Previously Announced Offering
November 28, 2011 ‐ Toronto, Ontario ‐ Trelawney Mining and Exploration Inc. (“Trelawney” or the “Company”) (TSXV: TRR, Frankfurt: RTW) is pleased to announce that it has closed its previously announced bought deal public offering, pursuant to which the Company sold an aggregate of 5,520,000 flow‐through common shares (the “Flow‐Through Shares”) at a price of CDN$4.70 per Flow‐Through Share, for aggregate gross proceeds of CDN$25.9 million (the “Offering”), to a syndicate of investment dealers led by RBC Capital Markets Inc. and including Jennings Capital Inc., CIBC World Markets Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc. and BMO Capital Markets (the “Underwriters”).
The Underwriters were paid an aggregate cash fee of $1,297,200, representing 5% of the gross proceeds of the Offering.
The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registrations requirements of such Act. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, sale or solicitation would be unlawful.
For further information contact:
Greg Gibson, President and CEO
416‐363‐8567 or ggibson@trelawneymining.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward‐looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward‐looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
