TVI PACIFIC INC. CONFIRMS REVOCATION OF CEASE TRADE ORDERS AND
RESUMPTION OF TRADING ON TSX
TVI Pacific Inc.
(TSX: "TVI" or the "Company") today confirmed that
the securities commissions in all applicable jurisdictions have revoked
the cease trade orders imposed in the last quarter of 2007 in respect of
the Company's common shares. TVI has been advised by Market Regulation
Services Inc. that trading in the Company's common shares will resume on
January 11, 2008, at 7:30 AM MT.
"Now that the
securities commissions have cleared the way for TVI's
shares to resume trading, we are in a position to focus our full efforts
on our core business," said Cliff James, President and Chief
Executive Officer of the Company.
About TVI Pacific
Inc. (TSX: TVI)
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. The Company's interest in the Canatuan Mine and its other Philippine assets are
held through its affiliate, TVI Resource Development (Phils.)
Ltd. ("TVIRD"). TVI's most
advanced project, the Canatuan Mine, currently
produces gold and silver dor�.
In 2006, TVIRD
received a completed NI 43-101 feasibility study on the Canatuan sulphide project prepared by Norwest
Corporation. The report has been filed with certain securities regulatory
authorities in Canada
and is available through the SEDAR website at www.sedar.com. The Canatuan sulphide project includes a copper-zinc
bearing massive sulphide zone underlying the gossan
zone currently being mined at Canatuan. The
Company is currently negotiating with various parties in an effort to
arrange third party financing to complete the development of the Canatuan sulphide project. TVIRD plans to resume
development and construction of the sulphide project once sufficient
financing is in place. There can be no assurance that the Company will be
able to secure third party financing to develop the Canatuan
sulphide project.
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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