Secova to delist from the TSXV and list on the CSE and announces private placement of units

VANCOUVER, BRITISH COLUMBIA – AUGUST 17, 2021 – Secova Metals Corp. (“Secova” or the “Company”) (TSXV: SEK, Frankfurt: N4UN, USA: SEKZF) is pleased to announce that the Company has filed an application with the TSX Venture Exchange (the “TSXV”) to delist its common shares (the “Shares”), and has received conditional approval to list the Shares on the Canadian Securities Exchange (the “CSE”). Completion of the listing of the Shares on the CSE is subject to the Company’s application to delist being accepted by the TSXV and receiving final approval for listing from the CSE.

The Company believes listing the Shares on the CSE will deliver additional value to the shareholders as a result of the Company being subject to reduced filing fees, lower compliance and legal costs and other fees. The Company is also pleased to announce that it intends to complete a non-brokered private placement of up to 45,000,000 units of the Company (the “Units”) at a price of $0.05 per Unit for gross proceeds of up to $2,250,000 (the “Offering”). Each Unit consists of one (1) Share and one (1) Share purchase warrant (the “Warrants”). Each Warrant will entitle the holder thereof to purchase one additional Share (the “Warrant Shares”) 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 does not expect to pay a finder’s fees or commission 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, begin exploration on the Eagle River Project and for general and administrative purposes.

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