TVI CONFIRMS APPROVAL OF MANAGEMENT CEASE TRADE ORDER BY ALBERTA SECURITIES
COMMISSION
TVI Pacific Inc.
(TSX: "TVI" or the "Company) today confirmed that the
Alberta Securities Commission ("ASC") has approved TVI's application for a management cease trade order
for the directors, officers and other insiders of the Company.
The action follows TVI's August 8, 2007 news release announcing that the
Company was voluntarily planning to restate its consolidated financial
statements for the year ended December 31, 2006 and for the three months
ended March 31, 2007. The ASC has granted the Company sixty days to
file the restated financial results.
"We are pleased
that the Alberta Securities Commission has approved our
application," said Clifford M. James, TVI President and CEO. "We
believe the management cease trade order is an appropriate step in the
circumstances, as we work to finalize our second-quarter financial
statements and re-state our financials for the affected periods."
About
TVI Pacific Inc.
TVI Pacific Inc. is a
publicly traded Canadian mining company focused on exploring for and
producing precious and base metals within district scale systems in the Philippines
and other Asian countries.
TVI Pacific trades on
the Toronto Stock Exchange under the symbol "TVI".
Further
Information: Clifford M. James, President and CEO
Paul Moon, Director, Corporate Communications (403) 265-4356
The Toronto Stock Exchange has neither
approved nor disapproved of the information contained herein.
2000, 736 - 6
Avenue S.W. Calgary, Alberta T2P 3T7
Tel: (403) 265-4356 Fax: (403) 264-7028
Website:
http://www.tvipacific.com E-mail:
tvi-info@tvipacific.com
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