TVI Pacific (TSE:TVI) has released an update.
TVI Pacific Inc. has secured a loan of $196,416 from Prime Resources Holdings, which is a related party to the company, to finance its accrued expenses, working capital, and general corporate needs. This funding is part of a larger $1,181,348.45 borrowed from the Lender, with the new loan being documented as an unsecured interest-bearing promissory note maturing in February 2026. The transaction was approved by independent board members and relied on exemptions from formal valuation and minority shareholder approval requirements.
For further insights into TSE:TVI stock, check out TipRanks’ Stock Analysis page.