Business
TVI PACIFIC CLOSES $1.34 MILLION NON-BROKERED PRIVATE PLACEMENT
TVI PACIFIC CLOSES $1.34 MILLION NON-BROKERED PRIVATE PLACEMENT Canada NewsWire ...
About this update from Tvi Pacific Inc.
[{"type":"text","content":"\n \n \n \n TVI PACIFIC CLOSES $1.34 MILLION NON-BROKERED PRIVATE PLACEMENT\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Aug. 15, 2023\n \n \n /CNW/ - TVI Pacific Inc. (TSXV: TVI); (OTC Pink: TVIPF) (\"\n \n TVI\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that, further to its press releases dated\n \n May 30, 2023\n \n ,\n \n June 26, 2023\n \n ,\n \n July 31, 2023\n \n and\n \n August 15\n \n \n th\n \n (as it related to an extension), the Company has completed and closed its previously announced non-brokered private placement to Prime Resources Holdings, Inc. (\n \n \"PRHI\"\n \n ) of 53,600,000 common shares in the capital of the Company, at a price of\n \n $0.025\n \n per share (the\n \n \"Private Placement\"\n \n ), for gross proceeds of\n \n $1,340,000\n \n (or approximately\n \n US$1,000,000\n \n ).\n \n \n The Company plans to use the proceeds of the Private Placement for general corporate working capital.  The common shares issued pursuant to the Private Placement are subject to a statutory 4-month and one day hold period from the date of issuance.  No finder's fee or commissions are payable by the Company in connection with the Private Placement.\n \n \n \"We are once again pleased that our current shareholder and partner in TVI Resource Development Phils., Inc. (\n \n \"TVIRD\"\n \n ) has taken steps to invest further in TVI Pacific,\" said Mr.\n \n Cliff James\n \n , Chairman and CEO of TVI and Chairman of TVIRD, \"We welcome the PRHI representatives to the board of TVI Pacific and believe their involvement reflects our shared confidence in both TVI Pacific and the many mines and projects at the level of TVIRD that we jointly manage.\"\n \n \n \n About TVI Pacific Inc.\n \n \n \n TVI Pacific Inc. is a Canadian resource company focused on mining projects in\n \n the Philippines\n \n , one ...