TVI Pacific Signs Definitive US$15 Million Bridge Financing Agreement
Filed under: Mine - Canatuan, Mineral - Gold, Mineral - Silver, Operator - TVI Pacific
From: StreetInsider.com
CALGARY, ALBERTA–(Marketwire - March 13, 2008) - TVI Pacific Inc. (TSX: TVI) (”TVI” or the “Company”) announced today that the Company and its Philippine affiliate, TVI Resource Development (Phils.) Ltd. (”TVIRD”), have signed a definitive loan agreement with LIM Asia Arbitrage Fund Inc. and LIM Asia Special Situations Master Fund Limited (the “Lenders”), providing for a US$15 million bridge financing facility (”the Facility”). The ability of TVIRD to draw amounts under the Facility is subject to perfection of the security interest comtemplated by the Omnibus Loan and Security Agreement between TVIRD and the Lenders (the “Loan Agreement”), which is anticipated to be fulfilled within the next two weeks.
Certain information set out in this News Release constitutes forward-looking information, including information relating to the timimg of perfection of the security interest contemplated by the Loan Agreement. Readers should review the cautionary statement respecting forward-looking information that appears at the end of this News Release.
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