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TV Pacific's 30.66% owned TVIRD issues Dividend
TV Pacific's 30.66% owned TVIRD issues Dividend Canada NewsWire CALGARY, Feb. 22...
About this update from Tvi Pacific Inc.
[{"type":"text","content":"\n\n\n\nTV Pacific's 30.66% owned TVIRD issues Dividend\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Feb. 22, 2017\n\n\n\nCALGARY, Feb. 22, 2017 /CNW/ - TVI Pacific Inc. (TSX-V: TVI) (OTC Pink: TVIPF) (\"TVI\" or \"the Company\") announces that TVI Resource Development (Phils.), Inc. (\"TVIRD\"), a company in which TVI has a 30.66% equity interest, has issued a cash dividend of 30 million Philippine pesos (CAD $787,647) to all shareholders of record as of December 31, 2016.  TVI International Marketing Limited (\"TVIIM\"), the direct shareholder of TVIRD and a subsidiary in which TVI holds a 100% equity interest, has received as its share of the dividend 9.2 million Philippine pesos (CAD $241,529), prior to Philippine dividend tax, and has transferred a net 7.8 million Philippine pesos (CAD $205,300) through to TVI as a repayment of intercompany advances.  \n\nAbout TVIRD\n\nTVIRD was incorporated under the laws of the Philippines on January 18, 1994 and was an indirect subsidiary of TVI until July 2014 when Prime Resource Holdings Inc., a private Philippine investment entity, became the controlling shareholder.  Following the enactment of the Philippine Mining Act of 1995, TVIRD was the first foreign-affiliated resource company to reach the production stage with the Canatuan project located in the municipality of Siocon, Zamboanga del Norte, Philippines.  At the Canatuan mine, TVIRD established gold and silver operations from 2004 to 2008 and transitioned to copper and zinc operations from 2009 until 2014, during which time TVIRD ranked among the country's top copper and zinc producers.   \n\nTVIRD's track record of exceptional environmental performance at its Canatuan operations was recognized by numerous environmental and safety awards at the annual Presidential Mineral Industry Environmental Awards. Top accolades received between 2010 and 2013 include the Presidential Mineral Industry Environmental Award – Platinum Award (2012); Titanium Award for Excellence in Environmental Management (2011); P...