TVI Provides Second Default Status Update
TVI PROVIDES SECOND DEFAULT STATUS
UPDATE
CALGARY, AB
,
May 21, 2025
/CNW/ - TVI Pacific Inc. ("
TVI
" or the "
Corporation
") (TSXV: TVI)
(OTC: TVIPF) provides its second bi-weekly Default Status Report under National Policy 12-203
Management Cease Trade Orders
("
NP 12-203
"), pursuant to which TVI issued its original default
announcement indicating that the filing of its annual audited financial statements, annual
management's discussion and analysis, and related certifications for the year ended
December 31,
2024
(the "
Required Filings
"), would be delayed beyond the filing deadline of
April 30, 2025
. TVI
reports that since its news release dated
May 7, 2025
there have been no material changes to the
information contained therein that have not been disclosed, nor any failure by TVI to fulfill its
intentions as stated therein, other than as set forth below.
The Company's Board of Directors and management confirm that the audit is ongoing and that they
are working expeditiously with the Company's auditor to meet the Company's obligations related to
the filing of the Required Filings.
Until the Required Filings have been filed, the Company intends to continue to satisfy the provisions
of the alternative information guidelines specified in NP 12-203 by issuing bi-weekly Default Status
Reports in the form of further press releases for so long as the Company remains in default of the
financial statement filing requirement. In the event that the Company does not file the Required
Filings in a timely manner, the Canadian Securities Regulatory Authorities may impose an issuer
cease trade order on the outstanding securities of the Company.
About TVI
TVI is a Canadian resource company focused on mining projects in
the Philippines
. TVI maintains a
strong presence in
the Philippines
through its 30.66% equity interest in TVIRD, a
Philippines
corporation.
Forward-Looking Statements
Certain statements in this news release are "forward-looking statements", which reflect
management's expectations regarding the MCTO, timing of the filing of the Required Filings and
TVI's future business operations. All statements other than statements of historical fact contained in
this news release are forward-looking statements. Such forward-looking statements involve risks
and uncertainties, as they reflect management's current beliefs and are based on information
currently available to management. Actual results may differ materially from those anticipated in
the statements made. The forward-looking statements are expressly qualified in their entirety by
this cautionary statement. The forward-looking statements are made as of the date of this news
release and TVI assumes no obligation to update or revise them to reflect new events or
circumstances except as expressly required by applicable securities law. Further information
regarding the uncertainties and risks can be found in the disclosure documents filed by TVI with
the securities regulatory authorities, available at
www.sedarplus.ca
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this press release.
SOURCE
TVI Pacific Inc.
View original content:
http://www.newswire.ca/en/releases/archive/May2025/21/c2586.html
%SEDAR: 00001837E
For further information:
For more information, please contact: Michael G. Regino, Chief Executive
Officer, Email: [email protected]
CO: TVI Pacific Inc.
CNW 16:15e 21-MAY-25