Tocvan Ventures Corp (OTCMKTS:TCVNF) Concludes Unit Private Placement: Stock Flat

Although the Tocvan Ventures Corp (OTCMKTS:TCVNF) was trading in a range on Tuesday but at the same time it should be noted that the company did make a key announcement yesterday. Hence, it may still be a good idea for investors to consider taking a look at the announcement a bit closely.

Trading Data

On Tuesday, TCVNF stock ended flat at $0.7958 with more than 50k shares traded, compared to its average volume of 1.4k shares. The stock has moved within a range of $0.7958 – 0.7958 after opening trading at $0.7799.

Tocvan Ventures Closes Unit Private Placement

Yesterday, the company came into focus after it announced that it had been successful in closing the second tranche of its private placement that was of a non-brokered nature. It should also be noted that the private placement had been announced by Tocvan Ventures previously.

In this particular private placement, the company managed to raise as much as $266,000. Tocvan Ventures offered as many as 266,000 units in this second tranche of the private placement and each unit was priced at $1.

A unit was made up of a solitary common share in Tocvan Ventures and one half of a share warrant. One whole warrant is going to entitle the holder to pick up a common share of the company for the price of $1.50. However, it should be noted that the deal will only be in place for 24 months since the day of the closing of the offering.