To finance exploration of its holdings in the Philippines, TVI Copper (ASE) will issue 3.75 million special warrants at 80 cents each for gross proceeds of $3 million.
Yorkton Securities will act as the agent and the warrants will be sold by private placement.
Each special warrant entitles the holder to one TVI common share and one warrant. One warrant plus 90 cents can be exchanged for a common share for a period of one year.
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