Business
TomaGold Announces Proposed Private Placement
TOMAGOLD CORPORATION (TSXV: LOT; OTCPK: TOGOF) (“ TomaGold ” or the “ ...
About this update from Tomagold Corporation Class A
[{"type":"text","content":"TomaGold Announces Proposed 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 ”) announces that, subject to filings with and approval from the TSX Venture Exchange (the “\n \n TSXV\n \n ”), it intends to complete a non-brokered private placement for gross proceeds of up to $250,000 (the “\n \n Offering\n \n ”). The Offering will consist of up to 3,846,154 common shares of the Company issued on a “flow-through” basis (“\n \n FT Shares\n \n ”) at a price of $0.065 per FT Share.\n \n\n The Company intends to use the gross proceeds from the sale of the FT Shares to incur exploration expenses that are eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as such terms are defined in the Income Tax Act (Canada).\n \n\n The securities issued under the Offering will be subject to a hold period of four months and one day, under applicable Canadian securities laws and the concurrent TSXV hold period pursuant to the policies of the TSXV. The Offering remains subject to the approval of the TSXV.\n \n\n\n This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “\n \n U.S. Securities Act\n \n ”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.\n \n\n\n\n About TomaGold\n \n\n\n TomaGold Corp. (TSXV: LOT, OTCPK: TOGOF) is a Canadian junior mining company focused on the acquisition, exploration, and development of high-potential precious and base metal projects, with a primary focus on gold and copper in Quebec and Ontario. The Company’s core assets are located in the Chibougamau Mining Camp in northern Quebec, where it owns the Obalski gold-copper-silver project and holds options to acquire 12 additional properties, includin...