CALGARY, ALBERTA As previously announced, TVI and TG World have entered into an Arrangement Agreement whereby holders of TG World shares will receive 0.458 of a common share of TVI for each TG World share held. The Arrangement is subject to approval of

Despite challenging economic conditions, TVI’s Philippine operating affiliate, TVI Resource Development (Phils.) (TVIRD), successfully secured bridge financing (guaranteed by TVI) in order to complete, in just five months, the major infrastructure of the Canatuan sulphide plant by mid-November 2008. A term loan facility for $29.9 million (also guaranteed by TVI) was subsequently entered into to replace the [...]