TVI Pacific (TSE:TVI) has released an update.
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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.
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