TomaGold Corporation

TomaGold Corporation

October 23, 2013 15:09 ET

TomaGold Closes Third Tranche of $270,000 for a Total Financing of $954,500

MONTREAL, QUEBEC--(Marketwired - Oct. 23, 2013) - TomaGold Corporation (TSX VENTURE:LOT) ("TomaGold" or the "Company") is pleased to report today the third and last closing of a private placement, announced 30 days ago, in the amount of $270,000, for a total financing of $954,500.

The third tranche of the private placement consists in the issuance of 2,700,000 common shares priced at $0.10 per share and 1,350,000 warrants. Each warrant entitles its holder to purchase one common share of the Company at $0.12 within a two-year period.

TomaGold will use the proceeds from the private placement for exploration work, asset acquisitions, 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.

Contact Information

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