Secova announces closing of non-brokered private placement

VANCOUVER, BRITISH COLUMBIA – September 22, 2021 – Secova Metals Corp. (“Secova” or the “Company”) (Frankfurt: N4UN, USA: SEKZF) is pleased to announce that it closed a non-brokered private placement of 50,000,000 units (the “Unit”) at a price of $0.05 per Unit for gross proceeds of $2,500,000 (the “Offering”) on September 20, 2021. Each Unit consists
of one (1) common share in the capital of the Company (the “Common Share”) and one (1) Common Share purchase warrant (the “Warrant”). Each Warrant will entitle the holder thereof to purchase one additional Common Share (the “Warrant Share”) at a price of $0.05 per Warrant Share for nine (9) months following the closing date of the Offering (the “Closing Date”).

All securities issued in the Offering are subject to a statutory hold period expiring four (4) months and one (1) day from the Closing Date. The Company paid a finder’s fees of $25,000 in cash and zero warrants or shares in connection with the Offering.

The Company intends to use the proceeds from the Offering to pay the Company’s current liabilities, complete preliminary work on the Montauban Project, resume exploration on the Eagle River Project and for general and administrative purposes.

The securities of the Company being referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws. Accordingly, such securities may not be offered or sold in the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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.
“Brad Kitchen”
Chairman, CEO and Director
Tel: +1 604-506-7555
Email: pbkitchen@gmail.com