(TheNewswire)
Calgary, Alberta – TheNewswire - June 15, 2023 – Tocvan Ventures Corp. (the “ Company ” )(CSE:TOC ) ; ( OTC:TCVNF ) ; ( FSE:TV3), is pleased to announce thatthe 5,000,000 common shares it previously received from the sale ofthe Rogers Creek Property to Cascade Copper Corp. (“ Cascade ”) on April22, 2022 will be paid to Tocvan shareholders as an in specie dividendin the form of Cascade common shares. Tocvan’s board of directorshas set a record date of May 31, 2023 (the “ Record Date ”) forthe dividend. The in specie dividend is scheduled to be paid to allTocvan shareholders who are registered shareholders on the RecordDate. Eligible Tocvan shareholders will receive one Cascade commonshare for every 7.9852 Tocvan shares they hold at the close ofbusiness on the Record Date. Tocvan shareholders will be entitled toa whole number of Cascade common shares, with any entitlement to afraction of a Cascade common share being rounded down to the nearestwhole share. Cascade shares have a current fair market value of $0.11CAD. The payable date for the dividend is June 16, 2023.
About Tocvan VenturesCorp .
Tocvan is a well-structured exploration developmentcompany. Tocvan was created in order to take advantage of theprolonged downturn in the junior mining exploration sector, byidentifying and negotiating interest in opportunities where managementfeels they can build upon previous success. Tocvan has approximately39.9 million shares outstanding and is earning 100% into two excitingopportunities in Sonora, Mexico: the Pilar Gold-Silver project and theEl Picacho Gold-Silver project. Management feels both projectsrepresent tremendous opportunity to create shareholder value.
Cautionary Statement RegardingForward Looking Statements
This news release contains“forward-looking information” which may include, but is notlimited to, statements with respect to the activities, events ordevelopments that the Company expects or anticipates will or may occurin the future. Forward-looking information in this news releaseincludes statements regarding the use of proceeds from the Offering.Such forward-looking information is often, but not always, identifiedby the use of words and phrases such as “plans”, “expects”,“is expected”, “budget”, “scheduled”, “estimates”,“forecasts”, “intends”, “anticipates”, or “believes”or variations (including negative variations) of such words andphrases, or state that certain actions, events or results “may”,“could”, “would”, “might” or “will” be taken, occur orbe achieved.
These forward-looking statements,and any assumptions upon which they are based, are made in good faithand reflect our current judgment regarding the direction of ourbusiness. 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 Company to be materially differentfrom any future results, performance or achievements expressed orimplied by the forward-looking information. Such factors include,among others, risks related to the speculative nature of theCompany’s business, the Company’s formative stage of developmentand the Company’s financial position. Forward-looking statementscontained herein are made as of the date of this news release and theCompany disclaims any obligation to update any forward-lookingstatements, whether as a result of new information, future events orresults, except as may be required by applicable securities laws.
There can be no assurance thatforward-looking information will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such statements. Accordingly, readers should not placeundue reliance on forward-looking information.
For more information, please contact:
TOCVAN VENTURES CORP.
Brodie A. Sutherland, CEO
820-1130 West Pender St.
Vancouver, BC V6E 4A4
Telephone: 1 888 772 2452
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