09:58 AM EST - Mindoro Resources Ltd. : announced that TVI Pacific Inc. has entered into a heads of agreement, dated July 6, 2012, which sets out the terms of various proposed transactions with Mindoro. The proposed transactions consist of a loan to, investment in, and joint ventures with, Mindoro (or affiliates of Mindoro). The joint ventures are expected to involve TVI's Philippine affiliate, TVI Resources Development Phils., Inc. Mindoro Resources Ltd.
shares V.MIO are trading unchanged at $0.05.