Tocvan Ventures to raise capital for Pilar project advancement

Tocvan Ventures Corp. (CSE:TOC) is closing a non-brokered private placement, offering up to 1,111,111 units at C$0.45 each, aiming to raise $500,000. Each unit includes one share and one warrant exercisable at $0.60 for 24 months. The funds will advance the Pilar Au-Ag project in Sonora, Mexico, focusing on expansion acquisition, permitting, and resource development and support resource evaluation drilling and unlock the project's potential. CEO Brodie Sutherland noted the company's access to working capital through its agreement with supportive shareholder Sorbie-Bornholm.