Secova Metals Corp. Closes Private Placement
Vancouver, September 29, 2017 - Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) ("Secova") is pleased to announce that it has closed the non-brokered private placement financing previously announced on September 26, 2017 through the issuance of 16,292,981 flow-through units (the "FT Units") issued at a price of $0.055 and 1,400,000 non-flow-through units (the "NFT Units) issued at a price of $0.05 for gross proceeds of $966,113. Each F-T and N-F-T Unit consists of one common share and one-half warrant that expires in 12 months. The Units were issued on the terms previously announced and are subject to a four month plus one day hold period pursuant to applicable securities laws of Canada.
In connection with part of this financing, the Company paid finders' fees of $77,289.12 in cash, issued 707,719 in common shares and 707,719 finder's warrants ("Finders Warrants") to EMD Financial Inc. Each Finder's Warrants entitles the holder to acquire one additional share at an exercise price of $0.055 for a period of twelve months.
For more information on Secova Metals Corp. please contact Morgan Good, Secova's President, at morgan.good@secovametals.com and Tel: +1 604-715-4751 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
Secova Metals Corp.
"Brad Kitchen"
CEO, Director and Chairman
Tel: +1 604-506-7555
info@secovametals.com
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.
