Short Form Shelf Prospectus-Equity or Debt Options Available On October 9, 2020, the Company filed a preliminary short form base shelf prospectus related to the sale of up to C$100.0 million in aggregate, in one or more series or issuances of: common shares, debt securities, subscription receipts, share purchase contracts, warrants or units.
There is a possiblity that Trevali will issue debt in order to clean up its balance sheet (probably to replace the other debt and provide additional cash resources). This would eliminate the need to issue shares and the subsequent bloating of the current issued share count - a good thing. Concerned that it is denominated in C$ since the business is based on US$ based zinc, lead and silver - there is a potential foreign exchange exposure!