RC Drilling Underway at Gran Pilar Gold – Silver Project – Expansion Area
CALGARY, AB / ACCESSWIRE / December 11, 2024 / Tocvan Ventures Corp.
Tocvan Ventures Corp. Announces Completion of First Tranche of Non-Brokered Private Placement
Tocvan Ventures Corp. is excited to announce that it has successfully closed the first tranche of its non-brokered private placement of Units, raising a total of $2,105,320 in gross proceeds. This offering included a significant investment of $1,800,000 from UK based institutional investor, Sorbie Bornholm LP, demonstrating confidence in Tocvan’s projects and management team.
The funds raised will be used to further advance exploration activities at the Gran Pilar Gold-Silver Project, specifically in the expansion area where RC drilling is currently underway. This phase of drilling is expected to provide valuable data and insights that will inform the Company’s next steps in exploring and developing this promising property.
Since 2022, Sorbie has been a key supporter of Tocvan Ventures Corp., participating in multiple private placements. Their continued investment in the Company is a strong indicator of the potential they see in the Gran Pilar project and Tocvan’s overall strategy.
With the successful completion of this private placement, Tocvan Ventures Corp. is well-positioned to continue its exploration efforts and unlock the full potential of the Gran Pilar Gold-Silver Project.
How will this development affect me?
As an investor, this news could impact you by signaling the potential for future growth and success of Tocvan Ventures Corp. The additional funds raised through the private placement will allow the Company to accelerate its exploration activities and potentially increase the value of its projects, which could benefit shareholders in the long run.
How will this development affect the world?
The continued exploration and development of mineral resources, such as gold and silver, are integral to meeting global demand for these precious metals. Tocvan Ventures Corp.’s work at the Gran Pilar project contributes to the overall supply of these metals, supporting various industries and applications worldwide.
Conclusion
The successful completion of the first tranche of the non-brokered private placement marks a significant milestone for Tocvan Ventures Corp. as it continues to advance its exploration efforts at the Gran Pilar Gold-Silver Project. With the support of investors like Sorbie Bornholm LP, the Company is well-positioned to achieve its exploration goals and create value for its shareholders and stakeholders.
