TVI Provides Status Update
TVI PROVIDES STATUS UPDATE
CALGARY, AB
,
May 7, 2025
/CNW/ - TVI Pacific Inc. ("
TVI
" or the "
Corporation
") (TSX.V:
TVI) (OTC: TVIPF) announces that further to its news releases dated
April 23, 2025
and
May 1,
2025
, the Corporation's principal regulator, the Alberta Securities Commission (the "
ASC
") granted a
management cease trade order (the "
MCTO
") on
May 2, 2025
, under National Policy 12-203
Management Cease Trade Orders
("
NP 12-203
"). Pursuant to the MCTO,
Michael G. Regino
, the
Chief Executive Officer, and
Love D. Manigsaca
, the Chief Financial Officer, may not trade in
securities of the Corporation until such time as the Corporation files its annual audited financial
statements, annual management's discussion and analysis and related certifications for the year
ended
December 31, 2024
(collectively, the "
Required Filings
"), and the Executive Director of the
ASC revokes the MCTO. The MCTO does not affect the ability of other shareholders to trade their
securities.
The Corporation's Board of Directors and management confirm that they are working expeditiously
to file the Required Filings and confirm that since the Corporation's news release dated
May 1,
2025
, there is no other material information respecting the Corporation's affairs that has not been
generally disclosed.
Until the Required Filings have been filed, the Corporation 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 Corporation remains in
default of the financial statement filing requirement. In the event that the Corporation 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 Corporation.
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/May2025/07/c4889.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 09:45e 07-MAY-25