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TomaGold Announces Closing of the Final Tranche of Its Private Placement
TOMAGOLD CORPORATION (TSXV: LOT; OTCPK: TOGOF) (“ TomaGold ” or the “ ...
About this update from Tomagold Corporation Class A
[{"type":"text","content":"TomaGold Announces Closing of the Final Tranche of Its Private Placement\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n TOMAGOLD CORPORATION (TSXV: LOT; OTCPK: TOGOF)\n \n (“\n \n TomaGold\n \n ” or the “\n \n Company\n \n ”) is pleased to announce the closing of the second and final tranche (the “\n \n Final Tranche\n \n ”) of its previously announced non-brokered private placement (the “\n \n Private Placement\n \n ”) for total proceeds of $1,007,000. Combined with the proceeds from the first tranche of the Private Placement, which closed on November 21, 2025, the total aggregate proceeds amount to $2,112,000.\n \n\n The Final Tranche of the Private Placement was completed through the issuance of: (i) 11,690,000 oversubscribed common shares of the Company on a “flow-through” basis (the “\n \n FT Shares\n \n ”) at a price of $0.05 per FT Share; and (ii) 10,562,500 units (the “\n \n Units\n \n ”) at a price of $0.04 per Unit. Each Unit consists of one common share in the capital of the Company (each, a “\n \n Share\n \n ”) and one-half of one Share purchase warrant (each whole warrant, a “\n \n Warrant\n \n ”), each entitling the holder thereof to purchase one additional Share at $0.08 for a period of 24 months from the date of issuance thereof.\n \n\n In connection with the Final Tranche of the Private Placement, TomaGold paid aggregate cash finder’s fees of $25,305 and issued 520,130 finder’s compensation warrants to the eligible finders (the “\n \n Finder’s Warrants\n \n ”). Each Finder’s Warrant entitles the holder to purchase one Share of the Company at $0.08 per Share for a period of 24 months from the date of issuance.\n \n\n All securities issued in connection with the Final Tranche of the Private Placement are subject to a statutory hold period of 4 months and a day from their issuance. The net proceeds from the sale of the Units will be mainly used by the Company for general and corporate working capital purposes, with no specific use representing 10% or more of the gross proceeds. The Company intends to use the gross proceeds from the sale of the FT Shares to incur exploration expenses that are eligible “Canadian...