Tocvan Announces Private Placement
PRESS RELEASE
January 28, 2021
TOCVAN ANNOUNCES PRIVATE PLACEMENT
Tocvan Ventures Corp. (“ Tocvan” or the “Company ”) (TOC:CSE) is pleased to announce it will be proceeding with a non -brokered
private placement of up to 2,500,000 units (the “ Units”) at USD $0.50 per Unit for gross proceeds of up to USD $1,250,000
(the “ Offering”). Each Unit is comprised of one common share of the Company (a “ Share”) and one share purchase warrant
(a “Warrant ”). Each Warrant will entitle the holder to acquire one additional Share in the capital of the Company at a price of
USD$0.70 for a period of 18 months from the date the Units are issued, subject to the accelerated expiry provision described below.
If, on any 10 consecutive trading days occurring after four months and one day has elapsed following the closing date of the Offering,
the closing sales price of the Shares (or the closing bid, if no sales were reported on a trading day) as quoted on the Canadi an
Securities Exchange (“Exchange ”) is greater than CDN $1.25 per Common Share, the Company may provide notice in writing to the
holders of the Warrants by issuance of a press release that the expiry date of the Warrants will be accelerated to the 30 th day after the
date on which the Company issues such press release.
Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals,
including the Exchange. All securities issued in connection with the Offering will be 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 as well as the required legend under
applicable U.S. securities legislation. The proceeds from the Offering will be used for general working capital.
The Company may pay finders fees and finder warrants to eligible finders.
About Tocvan Ventures Corp.
Tocvan is a well-structured exploration mining company. Tocvan was created in order to take advantage of the prolonged downturn the
junior mining exploration sector, by identifying and negotiating interest in opportunities where management feels they can build upon
previous success. Tocvan Ventures C urrently has approximately 24.5 million shares outstanding and is earning into two exiting
opportunities. The Pilar Gold project in the Sonora state of Mexico and the Rogers Creek project in Southern British Columbia ,
Management feels both opportunities represent tremendous opportunity.
Cautionary Statement Regarding Forward Looking Statements
This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the activities, events or
developments that the Company expects or anticipate s will or may occur in the future. Forward-looking information in this news release includes
statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by the use of words
and phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “beli eves” or
variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”,
“might” or “will” be taken, occur or be achieved.
These forward -looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment
regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known
and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Com pany to be materially
different from any future results, performance or achievements expressed or implied by the forward- looking information. Such factors include, among
others, risks related to the speculative nature of the Company’s business, the Company’s formative stage of development and the Company’s financial
position. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to
update any forward-looking statements, whether as a result of new information, futur e events or results, except as may be required by applicable
securities laws.
There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
FOR MORE INFORMATION, PLEASE CONTACT:
TOCVAN VENTURES CORP.
Derek A. Wood, President & CEO
Suite 1150 Iveagh House,
707 – 7th Avenue SW
Calgary, Alberta T2P 3H6
Telephone: 403-668-7855
Email: [email protected]
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the Uni ted States. The securities have
not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.