Latest release Little chance of any field action till mid 2020 after spring mud dries up.
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VANCOUVER, BRITISH COLUMBIA – November 20, 2019 – Secova Metals Corp. ("Secova" or the "Company") (TSXV: SEK, Frankfurt: N4UN, USA: SEKZF) announces that DNA Canada Inc. (“DNA”) has informed the Company that, at a special meeting of shareholders of DNA Canada Inc. (“DNA Shareholders”) held on November 13th, 2019 (the “Meeting”), Shareholders approved a special resolution (the “Letter of Agreement Resolution”) authorizing the previously announced letter of agreement involving among other things, the acquisition of the Montauban Property located in Quebec, Canada (the “Arrangement”) 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; and 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% 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% of the total issued and outstanding shares of DNA Canada Inc.
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.
Secova Metals Corp. 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 the province of Quebec.
The Company’s main focus is its 100% 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. Secova will use its expertise in early stage exploration to create shareholder value by attempting to prove out the potential resource in these assets.
For more information on Secova Metals Corp. please contact info@secovametals.com, Tel: +1 604-505-7555 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” Chairman, CEO and Director Tel: +1 604-506-7555 info@secovametals.com