Mr. Christopher Gordon reports
TOCVAN PROVIDES CORPORATE UPDATE
Tocvan Ventures Corp. has granted 2.75 million stock options to directors, officers and certain consultants pursuant to the terms and conditions of the company's equity incentive plan. The stock options are exercisable at a price of 79 cents per common share and expire five years from the date of grant. A total of 2.4 million of these stock options issued to directors and officers vest 50 per cent on the date of grant and 50 per cent on the first anniversary of the date of grant. The other 350,000 stock options issued to consultant's vest immediately. In addition, the company hereby grants 900,000 restricted share units (RSUs) to certain directors, officers and consultants pursuant to the terms and conditions of the equity plan, which shall vest on the date that is 12 months from the date of grant. The stock options and RSU grant remain subject to approval by the Canadian Securities Exchange.
About Tocvan Ventures Corp.
Tocvan Ventures is a dynamic exploration and near-term producer advancing high-potential gold and silver projects in the mine-friendly jurisdiction of Sonora, Mexico. At its flagship Gran Pilar gold-silver project, Tocvan holds a 100-per-cent interest in over 22 square kilometres of prospective ground, bolstered by the pivotal 2023 land acquisition that provides ample space for scalable mine infrastructure, including a planned 50,000-tonne pilot production facility. Recent exploration successes, including near surface 3.1 metres at 19.4 grams per tonne gold, underscore Gran Pilar's potential as a premier gold-silver asset. Additionally, Tocvan's 100-per-cent-owned Picacho gold-silver project, located in the prolific Caborca trend -- home to some of Mexico's largest gold deposits -- positions the company for further growth. With robust metallurgical results (up to 99-per-cent gold recovery and 97-per-cent silver recovery) and a strategic capital to bolster growth, Tocvan is poised to deliver significant shareholder value in a market buoyed by record-high gold prices. With approximately 78.7 million shares outstanding, Tocvan is committed to unlocking the full potential of its assets through innovative exploration, strategic development and investor-focused initiatives.
We seek Safe Harbor.
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