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CALGARY, AB, May 30, 2023 /CNW/ - TVI Pacific Inc. (TSXV: TVI) (OTC Pink: TVIPF) ("TVI" or the "Company") is pleased to announce that it has entered into a binding term sheet (the "Term Sheet"), dated May 29, 2023, which sets out certain terms of the proposed transaction (the "Proposal") involving Prime Resources Holdings, Inc., directly or indirectly through one or more of its subsidiaries or affiliates (collectively, "PRHI"). The proposed transactions contemplated by the Term Sheet consists of a private placement (the "Private Placement") to PRHI of common shares in the capital of the Company ("Common Shares").
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