TomaGold Corporation

TomaGold Corporation

December 31, 2013 14:30 ET

TomaGold Closes $190,300 Private Placement

MONTREAL, QUEBEC--(Marketwired - Dec. 31, 2013) - TomaGold Corporation (TSX VENTURE: LOT) ("TomaGold" or the "Company") is pleased to report today that it has closed a non-brokered flow-through private placement totalling $190,300.

The private placement consists in the issuance of 951,500 flow-through common shares at $0.14 per share, 519,000 non-flow-through common shares at $0.11 per share and 994,750 warrants. Each warrant entitles its holder to purchase one non-flow-through common share of the Company at $0.20 per share within an eighteen (18) month period following the closing date.

TomaGold will use the proceeds from the private placement for exploration work on its Quebec properties, and for working capital purposes. The securities issued under the private placement are subject to a resale restriction period of four months and one day.

The private placement is subject to regulatory approval.

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. The statements made in this news release that are not historical facts are "forward-looking statements". Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those described in these "forward-looking" statements.

Contact Information

  • TomaGold Corporation
    David Grondin
    President and Chief Executive Officer
    (514) 206-7727