Welcome to our dedicated page for Tvi Pacific news (Ticker: TVIPF), a resource for investors and traders seeking the latest updates and insights on Tvi Pacific stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tvi Pacific's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tvi Pacific's position in the market.
TVI Pacific (TSXV: TVI) (OTC Pink: TVIPF) has appointed Davidson & Company as its new auditor, following the resignation of PricewaterhouseCooper on September 6, 2024. The appointment has been approved by both the board of directors and audit committee, pending shareholder ratification at the next annual meeting.
The former auditor's reports for fiscal years 2023 and 2022 contained no modified opinions. However, there was a reportable event regarding unresolved whistleblower allegations involving TVI Resource Development (Phils) Inc., the company's 30.66% subsidiary, and a tailings incident at the Siana gold mine operated by Greenstone Resources , a TVIRD wholly-owned subsidiary.
TVI has authorized the former auditor to fully respond to inquiries from the new auditor concerning these matters. The complete reporting package is available on SEDAR+.
TVI Pacific Inc. (TSXV: TVI) (OTC Pink: TVIPF) announces the resignation of its auditor, PricewaterhouseCooper , effective September 6, 2024. The company is in the process of appointing a new auditor. A reportable event related to potential whistleblower allegations involving TVI Resource Development (Phils) Inc. (TVIRD), the company's 30.66% subsidiary, and a tailings incident at the Siana gold mine has been noted.
On May 13, 2024, Greenstone Resources (GRC), a wholly-owned subsidiary of TVIRD, experienced an embankment failure at its tailings storage facility following earthquakes. Mining operations were voluntarily suspended. An investigation resulted in a notice of violation and a fine of ₱150,000 (CAD$3,601), which has been paid. Unproven whistleblower allegations were later reported, but an internal investigation found them unsubstantiated. The former auditor was unable to conclude on the matter's implications before resigning.
TVI Pacific Inc. (TSXV: TVI) (OTC Pink: TVIPF) has received a $196,416.00 loan from Prime Resources Holdings, Inc. under a previously announced funding commitment agreement. The loan is evidenced by an unsecured interest-bearing promissory note maturing in February 2026, with an interest rate of prime plus 2.0% per annum. To date, TVI has borrowed $1,181,348.45 from the lender. The company plans to use the funds for accrued expenses, working capital, and general corporate purposes.
As Prime Resources Holdings is a related party, the transaction is considered a related party transaction under MI 61-101. TVI relied on exemptions from formal valuation and minority shareholder requirements due to the loan's reasonable commercial terms and non-convertible nature.
FAQ
What is the current stock price of Tvi Pacific (TVIPF)?
What is the market cap of Tvi Pacific (TVIPF)?
