TVI Pacific Inc V.TVI

Alternate Symbol(s): TVIPF

Metals & Mining Industrial Metals & Minerals

TVI Pacific Inc. is a Canadian resource company focused on mining projects in the Philippines. The Company holds a 30.66% interest in TVI Resource Development Phils., Inc. (TVIRD). TVIRD's assets include the wholly owned Balabag gold-silver mine and Siana gold mine (Siana). It also has in its portfolio of projects its 100%-owned Mapawa project (gold), a 60% indirect interest in the Mabilo project (a copper-gold-iron skarn deposit that offers potential for multi-metal products, namely copper, gold and silver, with by-products magnetite and pyrite), and a 60% interest in Agata Mining Ventures Inc. (nickel/iron DSO mine). Siana is located in Tubod, Surigao del Norte, approximately 35 kilometers from Surigao City and near to Lake Mainit. The Balabag Gold and Silver Mine, which spans a 4,779-hectare Mineral Production Sharing Agreement. The mine is situated within the municipalities of Bayog in Zamboanga del Sur and Diplahan and Kabasalan in Zamboanga Sibugay, Mindanao, Philippines.

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TVI Pacific Inc

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Post by Betteryear2on May 23, 2023 5:49pm

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Post# 35460961

TVI Pacific's 30.66% owned TVIRD Signs Memorandum of Agr.

CALGARY, AB, May 23, 2023 /CNW/ - TVI Pacific Inc. (TSXV: TVI) (OTC Pink: TVIPF) ("TVI" or "the Company") is pleased to announce that TVI Resource Development Phils., Inc. ("TVIRD"), a Philippines corporation in which TVI holds a 30.66% interest, and its wholly-owned SageCapital Partners, Inc. ("SageCapital") has signed a binding agreement (the "Agreement") with RTG Mining Inc. ("RTG") (TSX: RTG, ASX: RTG) with respect to an agreed restructuring of the Mabilo Project ("Mabilo"). TVIRD holds a 60% indirect interest in Mabilo through SageCapital, a holding company incorporated under the laws of the Philippines which, in turn, owns 60% of the outstanding capital stock of Mt. Labo Exploration and Development Corporation ("MLEDC"), a Philippines mining and minerals exploration development company whose projects are based in Camarines Norte, Philippines, and which is the owner and operator of Mabilo.

TVI Pacific's 30.66% owned TVIRD Signs Memorandum of Agreement on Restructuring of the Mabilo Project (newswire.ca)

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