TVI Pacific Secures Loan and Experiences Major Share Transfer

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

TVI Pacific Inc. has received an advance of $57,809.36 as part of a funding agreement with Prime Resources Holdings, Inc., which will be used for severance expenses and corporate purposes. Additionally, a significant share transfer has occurred, with the Lender purchasing over 58 million common shares from Mr. Clifford M. James, the company’s CEO, altering the ownership structure and increasing the Lender’s stake to approximately 19.90%.

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