TVI Pacific Inc.
TSX : TVI
OTCQX : TVIPF

TVI Pacific Inc.

March 04, 2011 12:59 ET

TVI Pacific Inc. Announces Results of TG World Energy Corp. Special Meeting

CALGARY, ALBERTA--(Marketwire - March 4, 2011) - TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF) ("TVI" or "the Company") announces that, at the special meeting of TG World Energy Corp. ("TG World") securityholders held this morning, TVI's proposed arrangement with TG World, under the Business Corporations Act (Alberta), was overwhelmingly approved. 

Securityholders voted 99.79% in favour of the arrangement and the arrangement also received the required majority of the minority approval. Shareholders also voted 99.92% in favour of a conversion price of $0.05 per share with respect to TG World's $1,317,500 principal amount convertible promissory note previously issued to TVI.

On Wednesday, March 9, 2011, TG World is scheduled to seek a final order for the approval for the arrangement by the Court of Queen's Bench of Alberta. If the Court approves the arrangement, it is anticipated that the arrangement will be completed on or about March 10, 2011.

About TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF)

TVI Pacific Inc. is a publicly-traded copper producer focused on the production, development, exploration and acquisition of precious and base metal mining deposits in the Philippines. The Company's interest in the Canatuan Mine and its other Philippine assets are held through its affiliate, TVI Resource Development (Phils.), Inc. 

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