VANCOUVER, BRITISH COLUMBIA – October 7, 2021 – Secova Metals Corp. (“Secova” or the “Company”) (CSE: SEK, Frankfurt: N4UN, USA: SEKZF), and its board of directors announce that Secova granted stock options (“Options”) and restricted share units (“RSUs”) on October 6, 2021 pursuant to the Company’s stock option plan (the “Option Plan”) and restricted share unit plan (the “RSU Plan”), respectively.
The Company has granted an aggregate of 6,500,000 Options and 7,000,000 RSUsto certain directors, officers, employees and consultants of the Company. The Options granted are exercisable to purchase a common share
in the capital of the Company (each, a “Share”) at a price of CAD$ 0.15 per Share, subject to vesting requirements. The RSUs shall vest in accordance to the prescribed period under the RSU Plan. The Option Plan and RSU Plan were approved by the shareholders of the Company on August 6, 2021.
The Options, RSUs and any underlying Shares will be subject to a four‐month and one day hold period pursuant to the policies of the Canadian Securities Exchange.
About the Company
Secova Metals Corp. 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 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 resource in these assets.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
Chairman, CEO and Director
Tel: +1 604-506-7555
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.