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or Name
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Secova Metals Corp (2)
Symbol SEK
Shares Issued 23,935,456
Close 2015-08-25 C$ 0.04
Market Cap C$ 957,418
Recent Sedar Documents

ORIGINAL: Secova arranges $250,000 placement, appoints Huo CFO

2015-08-27 17:22 ET - News Release

Received by email:

File: 2015-08-27 Secova-News Release Announcing August 2015 Private Placement_Final.pdf

                                                                         Suite 700 - 510 Hastings Street,
                                                                                   Vancouver, BC
                                                                                       V6B 1L8


            SECOVA ANNOUNCES $250,000 PRIVATE PLACEMENT AND NEW CFO

VANCOUVER, BRITISH COLUMBIA   August 27, 2015 (TSX.V: SEK) Secova Metals Ltd.
("Secova" or the "Company") announces a non-brokered private placement pursuant to which the
Company will issue an aggregate of up to 5,000,000 units (the "Units"). Each Unit will consist of one
common share and one half of one common share purchase warrant (the "Warrant") at a price of $0.05
per Unit. The Company expects to raise gross proceeds of up to $250,000 (the "Financing"). Each whole
Warrant issued in connection with the Financing will be exercisable into one common share at a price of
$0.10 for a period of one year.

In connection with the Financing, the Company may pay an 8% cash finder's fee and issue 8% finder's
warrants (the "Finder's Warrants"). The Finder's Warrants will be exercisable into Units for a period of
one year at an exercise price of $0.10 per Unit.

Proceeds from the Financing will be used for general working capital and exploration work on the
Company's projects.

The Company also announces the resignation of Jonathan Richards as Chief Financial Officer (CFO) and
Justin Blanchet as Corporate Secretary. P. Bradley Kitchen, Chief Executive officer and Chairman of
Secova, will assume the role of Corporate Secretary and Bao Huo has been appointed Chief Financial
Officer.

Bao Huo has worked for various Canadian and U.S. public corporations in the areas of accounting,
financial reporting and regulatory compliance. Mr. Huo has been involved in the financings and
acquisitions of public companies listed on the TSX Venture Exchange and is currently the CFO of
Corazon Gold Corp., a junior mining company listed on the TSX Venture Exchange. He holds a Diploma
in Accounting and a Bachelor of Science Degree, both from the University of British Columbia.

For further information, please contact Brad Kitchen, President, at brad.kitchen@secovametals.com

ON BEHALF OF THE BOARD OF DIRECTORS
"P. Bradley Kitchen"




604.506.7555
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
              Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
   This press release contains "forward-looking information" that is based on the Company's current expectations,
estimates, forecasts and projections. This forward-looking information includes, among other things, statements with
respect to the Company's exploration and development plans. The words "will", "anticipated", "plans" or other similar
 words and phrases are intended to identify forward-looking information. Forward-looking information is subject to
 known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of
activity, performance or achievements to be materially different from those expressed or implied by such forward-
                                              looking information.
 

File: 2015-08-27 Secova-News Release Announcing August 2015 Private Placement_Final.doc

 
 
Suite 700 - 510 Hastings Street,
 Vancouver, BC 
V6B 1L8
 
 
SECOVA ANNOUNCES $250,000 PRIVATE PLACEMENT AND NEW CFO

VANCOUVER, BRITISH COLUMBIA - August 27, 2015 (TSX.V: SEK) Secova Metals Ltd. ("Secova" or the "Company") announces a 
--->non-brokered private placement pursuant to which the Company will issue an aggregate of up to 5,000,000 units (the "Un
--->its"). Each Unit will consist of one common share and one half of one common share purchase warrant (the "Warrant") at
---> a price of $0.05 per Unit. The Company expects to raise gross proceeds of up to $250,000 (the "Financing"). Each whol
--->e Warrant issued in connection with the Financing will be exercisable into one common share at a price of $0.10 for a 
--->period of one year.

In connection with the Financing, the Company may pay an 8% cash finder's fee and issue 8% finder's warrants (the "Fin
--->der's Warrants"). The Finder's Warrants will be exercisable into Units for a period of one year at an exercise price o
--->f $0.10 per Unit.

Proceeds from the Financing will be used for general working capital and exploration work on the Company's projects.

The Company also announces the resignation of Jonathan Richards as Chief Financial Officer (CFO) and Justin Blanchet a
--->s Corporate Secretary.  P. Bradley Kitchen, Chief Executive officer and Chairman of Secova, will assume the role of Co
--->rporate Secretary and Bao Huo has been appointed Chief Financial Officer.

Bao Huo has worked for various Canadian and U.S. public corporations in the areas of accounting, financial reporting a
--->nd regulatory compliance. Mr. Huo has been involved in the financings and acquisitions of public companies listed on t
--->he TSX Venture Exchange and is currently the CFO of Corazon Gold Corp., a junior mining company listed on the TSX Vent
--->ure Exchange.  He holds a Diploma in Accounting and a Bachelor of Science Degree, both from the University of British 
--->Columbia.

For further information, please contact Brad Kitchen, President, at brad.kitchen@secovametals.com 

ON BEHALF OF THE BOARD OF DIRECTORS
"P. Bradley Kitchen"

    
604.506.7555
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains "forward-looking information" that is based on the Company's current expectations, estimat
--->es, forecasts and projections. This forward-looking information includes, among other things, statements with respect 
--->to the Company's exploration and development plans. The words "will", "anticipated", "plans" or other similar words an
--->d phrases are intended to identify forward-looking information. Forward-looking information is subject to known and un
--->known risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performan
--->ce or achievements to be materially different from those expressed or implied by such forward-looking information.




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