London, UK – 9 April 2025 – 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 48% extra cash from the April 2024 Sharing Agreement in the most recent monthly settlement without issuing any additional shares. Additionally, Tocvan exceeded the Benchmark Price for the December 2024 Sharing Agreement for the first time and therefore, received approximately 7% additional cash.
Whitney Kofford, Sorbie Bornholm Managing Director commented, “Tocvan’s success is in large part due to Brodie Sutherland, Rodrigo Calles-Montijo, and the entire team at Tocvan Ventures Corp., who have systematically executed. Sorbie has been invested in Tocvan for nearly three years, and despite an incredibly challenging macro-environment, Tocvan has consistently outperformed many of its peers. We applaud their continuous hard work and are thrilled to see the market recognizing their strategic efforts. Sorbie Bornholm is pleased to provide Tocvan with ongoing capital support and partnership. We look forward to watching Tocvan continue to achieve key milestones as they work towards near-term production.”
Sorbie Bornholm and Tocvan entered into two separate Sharing Agreements dated 24 April 2024 and 10 December 2024, respectively. These Sharing Agreements allow 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 the mine-friendly jurisdiction of Sonora, Mexico: the Pilar Gold-Silver project and the El Picacho Gold-Silver project. Through ongoing exploration programs, Tocvan is unveiling the high-potential at its Gran 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.
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. Planning continues for a proposed pilot plant facility with a potential start of pilot mining to be initiated this year. Recently, Tocvan announced that core drilling included the highest gold-grade interval ever outside the Main Zone.
“Core drilling has just returned the highest-grade interval ever outside of the Main Zone, located 300 meters away on an emerging trend.” commented, CEO Brodie Sutherland. “The best part is that it is only meters below the surface allowing us to easily access the area with trenching we have planned in the next phase of exploration. This provides us with another area to source mineralization for potential pilot mine material. Trends like the North Hill remain largely untested and suggest other areas across the broader expansion area hold significant potential for hosting high-grade gold and silver. We look forward to continued drilling across the expansion area to begin targeting additional resource potential.” Click here to read the full press release.
For more information on Tocvan, please visit www.tocvan.com or contact:
Brodie A. Sutherland, CEO
+1-403-829-9877
bsutherland@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 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 70 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