PMEA Blog

From: Maerketwire

CALGARY, ALBERTA–(Marketwire - Jan. 21, 2008) - TVI Pacific Inc. (TSX:TVI) or (the “Company”) announced today that it and its Philippine affiliate, TVI Resource Development (Phils.) Ltd. (”TVIRD”), have signed a nonbinding term sheet (the “Term Sheet”) to secure funds with LIM Asia Arbitrage Fund Inc and LIM Asia Special Situations Master Fund Limited (”the Lenders”) relating to a US$15 million bridge financing facility (”the Facility”). The Term Sheet indicates that the purpose of the Facility will be to provide working capital funding for TVIRD in the near term.

Certain information set out in this News Release constitutes forward-looking information, including information relating to (i) the anticipated use of proceeds from the Facility, and (ii) particulars of the terms and conditions upon which the Facility is to be made available (such as fees, interest rates, security arrangements, drawdown and Facility extension at the election of TVIRD). Readers should review the cautionary statement respecting forward-looking information that appears at the end of this News Release.

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