Tocvan Announces Private Placement with Lead order From Prominent Financier from Mexico
Tocvan Ventures Corp. (the “Company”) (CNSX:TOC.CN) (OTC:TCVNF) (WKN:TV3/A2PE64), is pleased to announce it will be proceeding with a non-brokered private placement of up to 1,200,000 units (the “Units”) at CAD $1.00 per Unit for gross proceeds of up to CAD $1,200,000 (the “Offering”). A lead order has been established with a prospective long-term shareholder with extensive experience in Mexican mineral exploration and development. Each Unit is comprised of one common share of the Company (a “Share”) and one half of one common 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 CAD $1.50 for a period of 24 months from the date the Units are issued, subject to the accelerated expiry provision described below.
