213
0 Kommentare
Tocvan Closes Oversubscribed Private Placement
213 
0 KommentareProvides Update on Pilar Drill Program CALGARY, AB / ACCESSWIRE / May 9, 2024 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF) (WKN: TV3/A2PE64), is pleased to announce that it has closed a final tranche of its previously announced …
Provides Update on Pilar Drill Program
CALGARY, AB / ACCESSWIRE / May 9, 2024 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF) (WKN: TV3/A2PE64), is pleased to announce that it has closed a final tranche of its previously announced non-brokered private placement of Units ("Units"), for gross proceeds of $420,560 (the "Offering"). The Offering consisted of the issuance of an aggregate of 1,201,600 Units at a price of $0.35 per Unit. Each Unit consists of one common share ("Common Share") in the capital of the Company and one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Common Share in the capital of the Company at a price of $0.50 for a period of 36 months from the closing of the Offering. The combined Offerings resulted in gross proceeds of $2,520,390.
Update on Pilar Drill Program
A Reverse Circulation (RC) drill program is ongoing at the Company's majority owned Pilar Project in Sonora, Mexico. Since early April, a total of 1,825.4 meters have been drilled across 15 drill holes on the Project to conduct infill and step-out drilling. All samples for the first 15 drill holes are at the lab for assay. First results from the program are expected to be available soon. The Company is pleased with the efficiency of the program and encouraged by target horizons intersected.
Notes on the Offering
In connection with the Offering, the Company paid aggregate cash commissions to arm's length finders who assisted with the Offering of approximately $11,641 and issued 33,260 finders' warrants ("Finders' Warrants"). Each Finder's Warrant is exercisable at a price of $0.35 per Common Share for a period of 36 months from the closing of the Offering.
The company currently has 51,211,519 Common Shares outstanding.
Lesen Sie auch
The Company relied on the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions in connection with the distribution of 111,900 free trading common shares under the Offering for proceeds $39,165. The balance of the Units under the Offering, being 1,089,700 for gross proceeds of $381,395 are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada. The Amended and Restated Offering Document dated April 19, 2024, related to a portion of the Offering is available under the Company's SEDAR profile at www.sedarplus.ca and at www.tocvan.com.
Diskutieren Sie über die enthaltenen Werte
Aktuelle Themen
Weitere Artikel des Autors
URL kopieren
Per E-Mail teilen
Artikel drucken
Artikel zu den Werten
Auch bei Lesern beliebt
