TVI Pacific announces court approvals relating to class-action proceedings

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[{"type":"text","content":"\n\n\n\n(TSX: TVI)\n\n\nCALGARY, July 3 /CNW/ - TVI Pacific Inc. (TSX: "TVI" or the "Company")\nannounced today that the Settlement Agreement previously entered into by the\nCompany in relation to the class-action proceedings commenced in Ontario by\nJoe Marcantonio and in Quebec by Florent Audette has been approved by the\ncourts in Ontario and Quebec. Approval of the Settlement Agreement was granted\nby the Ontario Superior Court on June 17, 2009 and by the Quebec Superior\nCourt effective June 22, 2009.\n\n\nThis news release should be read in conjunction with the Company's prior\nnews release on April 22, 2009, announcing the Settlement Agreement and with\nthe Notice of Class Actions and Proposed Settlement issued on May 13, 2009,\nboth of which have been posted on the Company's website at www.tvipacific.com.\n\n\nAs noted in the Company's April 22, 2009, news release and in the Notice\nof Class Actions and Proposed Settlement, the settlement does not represent an\nadmission of liability, wrongdoing or fault on the part of any of the\ndefendants (including TVI Pacific and its current directors). All of the\ndefendants have denied, and continue to deny, the allegations made against\nthem in the class-action proceedings.\n\n\nAbout TVI Pacific Inc. (TSX: TVI)\n---------------------------------\nTVI Pacific Inc. is a publicly traded Canadian mining company focused on\nexploring for, developing and producing precious and base metals within\ndistrict-scale systems in the Philippines. The Company's interest in the\nCanatuan Mine and its other Philippine assets are held through its affiliate,\nTVI Resource Development (Phils.) Inc.\n\nThe Toronto Stock Exchange has neither approved nor disapproved of the\ninformation contained herein.\n\n\n","length":1855,"tagName":"div"}]

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