London, UK – 06 April 2023 – Sorbie Bornholm LP, (“Sorbie”) a UK Investment Fund, is pleased to announce a follow-on investment in Tocvan Ventures Corp. (“Tocvan”) (CSE: TOC; OTCQB: TCVNF; WKN: TV3/A2PE64). The gross amount of the investment is $600,000 (CAD). The securities consist of units and warrants. The funds will go towards the advancement of Tocvan’s Pilar and El Picacho Au-Ag projects in Sonora, Mexico and for general working capital purposes.
Tocvan has entered into a sharing agreement dated 05 April 2023 with Sorbie (the “Sharing Agreement”). This Sharing Agreement allows Tocvan to retain much of the economic interest in the Sorbie Subscription Shares. The Sharing Agreement is designed to provide Tocvan with flexibility in continuing to advance Tocvan’s Projects in Mexico while maintaining a constant source of funds covering a portion of Tocvan’s short to medium term cash flow requirements.
About Tocvan Ventures Corp.
Tocvan is a near-term gold producer in the midst of completing a bulk sampling program on its Pilar Gold-Silver Project. The Company anticipates filing for a mining permit this year. Tocvan 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.
For more information on Tocvan, please contact:
Brodie A. Sutherland, CEO
Phone: 1-888-772-2452
E-mail: ir@tocvan.ca
About Sorbie Bornholm
Sorbie Bornholm LP is a global investment firm that provides funding for ongoing business objectives to listed micro, small and mid-cap growth companies. We focus on public equity investments in companies that are looking to expand – and on management teams with a clear growth strategy. Our extensive experience allows us to invest in most industries – and to focus on providing supportive, longer term capital that rewards company growth.
Since 2007, Sorbie Bornholm LP founder Greg Kofford has perfected the “Sorbie-Strategy”, utilizing a sharing agreement that supports management and rewards growth. This unique approach has now been used in over 50 investments – with many of those resulting in the companies receiving more cash than the original offering proceeds – without having to issue any additional shares.
Sorbie Bornholm’s core values drive who we are and how we invest. We are committed to developing long-term relationships with select listed public companies and their brokers & advisers. We focus on providing supportive, longer term capital that rewards growth. We invest to make a difference, to become a valued partner and to be a shareholder of choice. It’s important to us that we succeed together.
To see if the Sorbie-Strategy is right for your company, please contact Sorbie Bornholm:
Whitney Kofford, Managing Director
Phone: (801) 554-5889
E-mail: whitney@sorbiebornholm.com