Report: Tocvan Ventures Buys Out Colibri at Pilar: 100% Ownership, No Shares Issued
An important update from Tocvan Ventures (TOC.C) hit the wires last week, as the company entered into a definitive agreement with Colibri Resources (CBI.V) to consolidate the ownership of the Pilar project in Mexico’s Sonora state.
As you may remember, Tocvan and Colibri initially had a 51/49 joint venture on two central/core claims, and after the initial exploration success, Tocvan expanded its area of interest by staking claims on a 100% ownership basis. The agreement with Colibri to now consolidate the entire area is a positive development as it makes the story easier to comprehend…
