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Secova Metals Corp (3)
Symbol SEK
Shares Issued 69,907,129
Close 2019-11-20 C$ 0.04
Recent Sedar Documents

Secova Metals target DNA holders OK Montauban sale

2019-11-20 13:42 ET - News Release

Mr. Brad Kitchen reports

SECOVA REPORTS RESULTS OF DNA CANADA INC. SHAREHOLDERS VOTE FOR ACQUISITION OF MONTAUBAN PROJECT

DNA Canada Inc. has informed Secova Metals Corp. that at a special meeting of shareholders of DNA held on Nov. 13, 2019, shareholders approved a special resolution authorizing the previously announced letter of agreement involving, among other things, the acquisition of the Montauban property located in Quebec, Canada, by Secova.

Approval of the DNA shareholders was a one of the requirements to complete the transaction and the letter of agreement with DNA, pursuant to which Secova shall acquire from DNA the following assets:

  1. 152 mining claims and one mining concession located in the Montauban and Chavigny townships, in the county of Portneuf, in the province of Quebec;
  2. The buildings, immovables, and other assets and permits located on, or with respect to, the property.

The resolution approving the arrangement was passed by 100 per cent of the votes cast by DNA shareholders present in person or represented by proxy at the meeting. The total shares casted by DNA shareholders represented approximately 76 per cent of the total issued and outstanding shares of DNA Canada.

President Brad Kitchen says: "We are pleased by the results of DNA shareholders vote and the overwhelming confidence they give Secova to bring the Montauban project forward."

The completion of the acquisition is now subject to DNA and Secova entering into a formal agreement and receipt of its approval by the TSX Venture Exchange.

About Secova Metals Corp.

Secova Metals is a Canadian exploration company focused on building a strong asset base through exploration of undervalued projects in Canada. Management has demonstrated expertise in advancing gold exploration projects into acquisition targets, most notably in Quebec. The company's main focus is its 100-per-cent ownership of the Eagle River project, which is adjacent to and on trend to several gold projects in the Windfall Lake district of Urban Barry in Quebec.

We seek Safe Harbor.

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