| Nickel miner TVI defers Philippine listing until Feb. 29 | |
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MANILA, Dec 22 (Reuters) - Nickel miner TVI Resource Development (Phils.) Inc (TVIRD) has deferred a planned listing on the Philippine Stock Exchange to Feb. 29 next year, subject to market conditions and regulatory approvals, shareholder TVI Pacific Inc of Canada said. Delays in regulatory approvals, which TVI said was partly due to local public holidays, had prompted it to postpone the initial public offering. The miner was previously looking at a Dec. 18 listing after a 1 billion peso ($21 million) IPO intended to fund a gold and silver mining project. "TVI remains optimistic about the prospects for the IPO in early 2016 given TVIRD's diverse pipeline of projects and the strong support of its majority shareholder, Prime Resource Holdings Inc.," Clifford James, chairman and CEO of TVI and chairman of TVIRD, said in a statement. TVIRD has filed an updated IPO prospectus and is still looking to sell up to 272.02 million primary shares and up to 136.01 million shares currently held by existing shareholders, at a price of up to 3.71 pesos per share. "We believe the establishment of a public market for TVIRD shares will allow North American investors to better evaluate the value of TVI's 30.66 percent indirect interest and provide us with a potential source of non-dilutive funding," James said. After market volatility took its toll on local listings this year, the country's bourse expects a busy year ahead with Philippine companies likely to raise as much as 200 billion pesos in fresh equity capital via share sales. ($1 = 47.2550 Philippine pesos) (Reporting by Erik dela Cruz; Editing by Ed Davies)
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TVI Pacific Inc
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PRODUCTEUR |
CODE : TVI.TO |
ISIN : CA8729171097 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
TVI Pacific est une société de production minière d'or et d'argent basée au Canada. TVI Pacific est productrice d'or, d'argent, de cuivre et de zinc aux Philippines, et détient divers projets d'exploration aux Philippines et en Chine. Son principal projet en production est CANATUAN aux Philippines et ses principaux projets en exploration sont SIENNALYNN, BALABAG, RAPU RAPU et BALABAG RIDGE aux Philippines et SHUIKOUSHAN en Chine. TVI Pacific est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 13,1 millions CA$ (10,1 millions US$, 9,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 17 mai 1996 à 2,74 CA$, et son plus bas niveau récent le 06 mai 2016 à 0,01 CA$. TVI Pacific possède 655 470 372 actions en circulation. |