TG World Energy Corp.

TG World Energy is pleased to announce that, at the special meeting of its securityholders held this morning, the securityholders overwhelmingly approved the Company's proposed arrangement with TVI Pacific under the Business Corporations Act (Alberta). Securityholders voted 99.79% in favour of the arrangement and the arrangement also received the required majority of the minority approval. Shareholders also voted [...]

TG World Energy announces that it has entered into an unsecured loan arrangement with TVI Pacific for US$500,000. The full amount of the Loan will be advanced immediately to TG World and will be used to fund obligations in the Philippines. The Loan carries an interest rate of 15% and matures on March 14, 2011. As previously announced, TG World Energy Corp. and TVI Pacific Inc. have entered into an Arrangement [...]

TG World Energy is pleased to provide the following update on its activities in Alaska, Niger and the Philippines. Drilling of the North Tarn oil prospect in Alaska to commence in early March 2011. Drilling of the Facai-1 oil prospect in Niger, Africa to commence May 2011. In Alaska, the joint venture partners are progressing towards an early March 2011 spud date for the prospective North Tarn exploration well under [...]

TVI Pacific and TG World Energy announced today that they have entered into an amending agreement which provides for certain revisions to the terms of the arrangement agreement entered into between them on December 23, 2010. Among other things, the amending agreement changes the exchange ratio associated with the proposed arrangement. Under the revised terms, TG World shareholders will be entitled to receive 0.458 of [...]

TVI Pacific and TG World Energy announced today that they have reached an agreement in principle to revise certain terms of the arrangement agreement entered into between them on December 23, 2010. Among other things, TVI Pacific and TG World have negotiated a change to the exchange ratio associated with the proposed arrangement. Under the revised terms, TG World shareholders would receive 0.458 of a common share of [...]

TG World Energy announces that project partner and operator of Service Contract 54A in the Philippines, Nido Petroleum, has provided the following update. "Since the last operations update on 6 January 2011, the Tindalo well has been plugged and abandoned without significant incident and the Aquamarine Driller has relocated to nearby Ulugan Bay where the production and other equipment are being decommissioned and [...]

TG World Energy announces that project partner and operator of Service Contract 54A in the Philippines, Nido Petroleum, has provided the following update on operations at Tindalo. "Since the last operations update on 29 December 2010, Nido, along with its Joint Venture Partners has reached a decision to call off the jack up-rig Aquamarine Driller following the abandonment of the Tindalo well. This decision is without [...]

TG World Energy announces that it has closed its previously announced private placement of 41,650,000 common shares of the Corporation, at a price of $0.05 per Common Share and the issuance of a $1,317,500 principal amount convertible promissory note for aggregate gross proceeds of $3,400,000. In connection with the Private Placement, TVI acquired 29,650,000 Common Shares and the Note at an aggregate purchase price [...]