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TomaGold provides update on spin-out transaction, announces Monster Exploration secured additional gold deposit and named a new seasoned board member
TomaGold provides update on spin-out transaction, announces Monster Exploration secured ad...
About this update from Tomagold Corporation Class A
[{"type":"text","content":"\n\n\n\nTomaGold provides update on spin-out transaction, announces Monster Exploration secured additional gold deposit and named a new seasoned board member\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, April 18, 2019\n\n\n\nThe Corporation's subsidiary, Monster Exploration, further consolidates its Monster Lake land position, which now includes two gold deposits and several promising exploration sites on more than 700 claims\n MONTREAL, April 18, 2019 /CNW Telbec/ - TOMAGOLD CORPORATION (TSXV: LOT) (\"TomaGold\" or the \"Corporation\") is pleased to provide an update on the previously announced spin-out transaction (the \"Spin-out\") involving the Corporation's wholly-owned subsidiary, Monster Exploration Inc. (\"Monster\"), and to announce that, in connection with the Spin-Out, Monster entered into a share purchase option agreement (the \"Option Agreement\") with an arm's length party with respect to the acquisition of all the issued and outstanding securities of 9220-5392 Québec Inc. (\"9220\"), which holds an option to acquire a 100% interest in the Philibert property (the \"Philibert Property\"), located approximately 10 km southeast of the Monster Lake property, in Quebec's Chibougamau mining camp.\nMonster also announces that it intends to complete its non-brokered private placement offering (the \"Offering\") through the issuance of subscription receipts (each a \"Subscription Receipt\") at a price of $0.50 per Subscription Receipt, and flow-through subscription receipt (each a \"FT Subscription Receipt \") at a price of $0.65 per FT Subscription Receipt, for aggregate minimum gro...