Business
Tocvan Ventures Updates on Dividend Date for Cascade Copper Shares
Calgary, Alberta – TheNewswire - June 15, 2023 – Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce that the 5,000,
About this update from Tocvan Ventures Corp.
[{"type":"text","content":"Calgary, Alberta – TheNewswire - June 15, 2023 – Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce that the 5,000,000 common shares it previously received from the sale of the Rogers Creek Property to Cascade Copper Corp. (“Cascade”) on April 22, 2022 will be paid to Tocvan shareholders as an in specie dividend in the form of Cascade common shares. Tocvan’s board of directors has set a record date of May 31, 2023 (the “Record Date”) for the dividend. The in specie dividend is scheduled to be paid to all Tocvan shareholders who are registered shareholders on the Record Date. Eligible Tocvan shareholders will receive one Cascade common share for every 7.9852 Tocvan shares they hold at the close of business on the Record Date. Tocvan shareholders will be entitled to a whole number of Cascade common shares, with any entitlement to a fraction of a Cascade common share being rounded down to the nearest whole share. Cascade shares have a current fair market value of $0.11 CAD. The payable date for the dividend is June 16, 2023. About Tocvan Ventures Corp. Tocvan is a well-structured exploration development company. Tocvan was created in order to take advantage of the prolonged downturn in the junior mining exploration sector, by identifying and negotiating interest in opportunities where management feels they can build upon previous success. Tocvan has approximately 39.9 million shares outstanding and is earning 100% into two exciting opportunities in Sonora, Mexico: the Pilar Gold-Silver project and the El Picacho Gold-Silver project. Management feels both projects represent tremendous opportunity to create shareholder value. Cautionary Statement Regarding Forward Looking Statements This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by the use of words and phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (includin...