TomaGold Corp. is pleased to announce that it has closed the transaction with IAMGOLD Corporation for the sale of the Corporation's 25% undivided interest in the Monster Lake project and the related mineral rights . In consideration, IAMGOLD paid $500,000 in cash and issued 1,464,377 common shares to TomaGold. The Transaction, as described in TomaGold’s circular, constituted a related party transaction, which required [...]
TomaGold Corp. is pleased to report the results of its annual general and special meeting of shareholders, held virtually via teleconference today at 10 a.m. . A total of 98 shareholders, holding 70,734,969 shares or 50.43% of the issued and outstanding shares of TomaGold, were represented at the meeting. The shareholders approved the sale of the Corporation’s 25% undivided interest in the Monster Lake project and related [...]
TomaGold Corp. is pleased to announce that its current Board of Directors has proposed a slate of directors for the upcoming Annual General and Special Meeting of shareholders scheduled for November 6, 2020. TomaGold’s proposed slate of directors to be voted on at the Meeting will consist of the following: David Grondin, Michel E. Labrousse, Jean-S?bastien Jacquetin, Caitlin Jeffs, Albert Contardi and Wanda Cutler. Robert [...]
TomaGold Corp. is pleased to announce the signing of an asset purchase agreement for the sale of its 25% interest in the Monster Lake Project to IAMGOLD Corporation . The Monster Lake Project comprises the Monster Lake, Winchester and Lac ? l’eau jaune properties located in the Chibougamau mining camp in Quebec. IAMGOLD will pay TomaGold $8.5 million as consideration for the Minority Interest, consisting of $500,000 in [...]
TomaGold Corp. is pleased to report that it has completed its earn-in to acquire a 100% interest in the Obalski property by making a final payment of $100,000 to David Malouf and 2736-1179 Quebec Inc. On May 31, 2016, TomaGold entered into an agreement to acquire the property in exchange for the issuance of 4 million shares of the Corporation and cash payments totalling $500,000 over four years. “We are now the proud sole [...]
TomaGold Corp. is pleased to announce that its shares will resume trading on the TSX Venture Exchange on August 31, 2020. On August 26, 2020, the Corporation closed the acquisition of the 2.5% interest held by Quinto Resources Inc. in the Monster Lake property. In consideration, the Corporation paid an amount of $250,000 to Quinto and returned 750,000 shares of Quinto held by TomaGold. TomaGold now holds a 25% interest in [...]
TomaGold Corp. announces that it has decided to end its proposed spin-out. Trading of the Company's shares was halted on January 25, 2019 in accordance with the policies of the TSX Venture Exchange pending completion of the proposed spin-out. Given the termination of the proposed spin-out, the Corporation will file an application with the TSXV to request that trading of its common shares be resumed on the TSXV. The [...]
TomaGold Corp. is pleased to announce the signing of an option agreement for the sale of up to an 80% interest in the Lac Doda Property to Goliath Resources Ltd. . The Lac Doda Property consists of 80 mining claims covering 4,478 hectares and is located approximately 20 km southwest of the Monster Lake property in the Chibougamau mining camp in Quebec. The following is a summary of the terms for the acquisition by Goliath [...]
TomaGold Corp. announces that it has retained Evans & Evans, Inc., a leading Canadian boutique Investment Banking firm, to conduct an independent valuation of its assets. The valuation report will be delivered to the Corporation in the coming weeks. “With the strong surge in the gold price, we believe that TomaGold's assets have gained in value, particularly the Monster Lake property, whose high-grade inferred resource is [...]
TomaGold Corp. is pleased to announce that, further to its press releases dated January 31, 2020 and April 2, 2020, it has completed the transaction for the sale of its 39.5% interest in the Sidace Lake property to Pacton Gold Inc. . The Corporation also announces that due to COVID-19, it will delay the filing of its interim consolidated financial statements and management discussion and analysis until on or about May 15 [...]
TomaGold Corp. is pleased to announce that, further to its press release dated January 31, 2020, it has entered into a definitive agreement for the sale of its 39.5% interest in the Sidace Lake property to Pacton Gold Inc. . Under the terms of the Agreement, Pacton must pay and issue the following to TomaGold: Upon final acceptance of the transaction by the TSX Venture Exchange , Pacton will pay $250,000 and issue [...]
TomaGold Corp. is pleased to announce the signing of a binding letter of intent for the sale of its 39.5% interest in the Sidace Lake property to Pacton Gold Inc. . Under the terms of the LOI, which will be formalized by a definitive agreement to be entered into between the parties, Pacton must pay and issue the following to TomaGold: Upon final acceptance of the transaction by the TSX Venture Exchange , Pacton will pay [...]