Tocvan Ventures Corp. Closes $10M Bought Deal Private Placement Led by Stifel Nicolaus Canada Inc.
Counsel to Stifel Nicolaus Canada Inc. with Respect to Tocvan Ventures Corp.’s $10 Million Bought Deal Private Placement
Led by
On February 19, 2026, Tocvan Ventures Corp. (the “Company”) announced the closing of a bought deal private placement, pursuant to which the Company issued 10,005,000 units (the “Units”) at a price of $1.00 per Unit for aggregate gross proceeds of $10,005,000, including the full exercise of the over-allotment option. Each Unit was comprised of one common share of the Company (a “Common Share”) and one Common Share purchase warrant of the Company (a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional Common Share at an exercise price of $1.40 for a period of 36 months from the date of issuance. The Offering was conducted by Stifel Nicolaus Canada Inc. (“Stifel”).
The Company is a Canadian mineral exploration and development company focused on advancing its El Picacho and Gran Pilar Gold Projects in Sonora, Mexico.
Stifel is a full-service investment banking firm which provides advisory and underwriting, institutional sales and trading, and equity research services to corporate clients and institutional investors.
Miller Thomson advised Stifel with a team comprised of Andrew Powers, Jeffrey Gebert, Sam Kelley, and Raquel Moses (Capital Markets & Securities), along with the assistance of Sean Kim (Articling Student).