Business
TOCVAN ANNOUNCES UPSIZE OF BOUGHT DEAL FINANCING TO $8.7 MILLION
Tocvan Ventures Corp. (CSE: TOC) (OTCQB: TCVNF) (WKN: TV3/A2PE64) ("Tocvan" or the "Company") is pleased to announce that due to investor demand, it has entered into an amended agreement with Stifel Canada to act as sole underwriter and bookrunner (the "Underwriter"), to increase the size of its previously announced "bought deal" private placement offering, pursuant to which the Underwriter has agreed to purchase on a bought deal basis, 8,700,000 units of the Company (the "Units") at a price of
About this update from Tocvan Ventures Corp.
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/","length":95,"tagName":"p","attribs":{}},{"type":"text","content":"CALGARY, AB, Feb. 4, 2026 /CNW/ - Tocvan Ventures Corp. (CSE: TOC) (OTCQB: TCVNF) (WKN: TV3/A2PE64) ("Tocvan" or the "Company") is pleased to announce that due to investor demand, it has entered into an amended agreement with Stifel Canada to act as sole underwriter and bookrunner (the "Underwriter"), to increase the size of its previously announced "bought deal" private placement offering, pursuant to which the Underwriter has agreed to purchase on a bought deal basis, 8,700,000 units of the Company (the "Units") at a price of C$1.00 per Unit (the "Issue Price") for aggregate gross proceeds of C$8,700,000 (the "Offering"), with the Units to be offered and sold pursuant to the Listed Issuer Financing Exemption (as defined herein).","length":815,"tagName":"p"},{"type":"text","content":"The Company has granted the Underwriter an option (the "Underwriter's Option") to purchase (or arrange for substituted purchasers to purchase) up to an additional 1,305,000 Units at the Issue Price on the same terms and conditions as the Offering. The Underwriter's Option will be exercisable, in whole or in part, at any time up until 48 hours prior to the closing of the Offering.","length":400,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share (a "Common Share") and one Common Share purchase warrant ("Warrant") of the Company. Each Warrant will be exercisable to acquire one Common Share for a period of 36 months following the closing date of the Offering at an exercise price of C$1.40 per common share.","length":331,"tagName":"p"},{"type":"text","content":"The net proceeds of the Offering shall be used to advance the Company's gold projects in Sonora, as well as for general working capital.","length":140,"tagName":"p"},{"type":"text","content":"Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units will be offered for sale to purchasers resident in each of the provinces of Canada, except Quebec, pursuant to the listed issu...