London, UK – 09 August 2024 – Sorbie Bornholm LP, (“Sorbie”) a UK Investment Fund, is pleased to announce that Tocvan Ventures Corp. (“Tocvan”) (CSE: TOC; OTCQB: TCVNF; WKN: TV3/A2PE64) received nearly 14% extra cash from the Sharing Agreement in the most recent monthly settlement without issuing any additional shares.
Sorbie Bornholm and Tocvan entered into a Sharing Agreement dated 24 April 2024. 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 an explorer and near-term gold producer with two exciting opportunities in Sonora, Mexico: the Pilar Gold-Silver project and the El Picacho Gold-Silver project. The Company has consolidated an attractive land position at its Pilar Gold-Silver Project where it holds 100% interests in over 21 square kilometers of prospective area and a majority ownership (51%) in a one square kilometer area shared with Colibri Resources. Tocvan also holds 100% interest in the Picacho Gold-Silver project in the Caborca Trend of northern Sonora, a trend host to some of the major gold deposits of the region.
Last year Tocvan completed a bulk sampling program on its Pilar Gold-Silver Project which yielded 1.9 g/t Au Head Grade and a successful heap leach with over 62% recovery. The Company anticipates filing for a mining permit this year. Tocvan recently announced drill results from its 2024 Reverse Circulation (RC) drill program. Over 3,700-meters are planned at Pilar for Resource Definition drilling this year. Surface geological mapping with rock and soil sampling is ongoing on the expansion area to define the outer limits of the mineralized footprint and refine new target areas for drilling.
For more information on Tocvan, please visit www.tocvan.com or contact:
Brodie A. Sutherland, CEO
+1-403-829-9877
bsutherland@tocvan.ca
Jeff Walker, VP of Howard Group Inc.
+1-403-221-0915
jeff@howardgroupinc.com
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 in order to provide supportive, longer term capital that rewards company growth.
Since 2000, 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
+1-801-554-5889
whitney@sorbiebornholm.com