Tocvan Announces Start of Exploration at Pilar and Updates on Financing
Tocvan Ventures Corp. (CSE:TOC) (CNSX:TOC.CN) (OTC:TCVNF) (WKN:TV3/A2PE64) (“Tocvan” or the “Company”) is pleased to announce that it has closed a first tranche of its previously announced
non-brokered private placement of units (“Units”) for gross proceeds of $471,225.00 (the “Offering”). The Offering consisted of the issuance of an aggregate of 471,225 Units at a price of $1.00 per Unit. Each Unit consists of one common share (“Common Share”) in the capital of the Company and one-half common share purchase warrant (“Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $1.50, for a period of 24 months from the closing of the Offering.