CALGARY, AB, June 14, 2024 /CNW/ - TVI Pacific Inc. (TSXV:TVI.VN) (OTCPink:TVIPF) ("TVI" or the "Company") announces that the Company has received the principal amount of $57,809.36 (the "Loan") under the Company's previously announced funding commitment agreement (the "Funding Commitment Agreement") with Prime Resources Holdings, Inc. (the "Lender"). In accordance with the terms of the Funding Commitment Agreement, the Lender advanced the Loan to TVI and evidenced by an unsecured interest-bearing promissory note (the "Note"). The Note accrues interest at a rate of prime plus 2.0% per annum and, subject to certain acceleration events, matures in December 2025.
Read more at newswire.caTVI Pacific Inc. Announces Advance on Previously Announced Funding Commitment Agreement, Issuance of Promissory Note and Share Purchase
Newswire.ca - Press Release
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