MONTREAL, QUEBEC--(Marketwired - Oct. 9, 2013) - TomaGold Corporation (TSX VENTURE:LOT) ("TomaGold" or the "Company") is pleased to announce that it has closed two transactions, as follows:
- Acquisition of a 100% interest in the Cookie Monster property belonging to Vanstar Mining Resources Inc. (TSX VENTURE:VSR) and Vantex Resources Ltd. (TSX VENTURE:VAX), for a total consideration of $10,000 and 200,000 common shares of the Company; and
- Acquisition of a 100% interest in the Little Monster property belonging to Vanstar Mining Resources Inc. and Northcore Resources Inc. (TSX VENTURE:NCR), for a total consideration of $15,000 and 300,000 common shares of the Company.
The Cookie Monster property consists of 28 claims covering a total of 1,456 hectares, and the Little Monster property consists of 20 claims covering a total of 1,040 hectares. The two properties are adjacent to each other and contiguous to the Monster Lake property to the east. Known showings in the area, excluding Monster Lake, are Chevrier, Chevrier Sud, Murgor A, B and C, Winchester, Croteau and Philibert.
David Grondin, President and Chief Executive Officer of TomaGold, said that: "We are pleased to have completed these acquisitions because they consolidate our claims holdings around Monster Lake. We now have a total of 245 contiguous claims covering an area of 9,419 hectares in the productive Monster Lake area. These new properties are also located in the Fancamp deformation corridor, an advantage that enhances the Company's gold potential considerably."
These transactions are subject to regulatory approval, and the common shares issued will be subject to a hold period of four months and one day.
The technical content of this press release has been reviewed and approved by André Jean, Ing., a qualified person under National Instrument 43-101.
About TomaGold Corporation
TomaGold Corporation is a Canadian-based mining exploration company whose primary mission is the acquisition, exploration and development of gold projects in Canada and abroad.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.