TomaGold Corporation
TSX VENTURE : LOT

TomaGold Corporation

May 19, 2015 17:30 ET

TomaGold Reports on the Outcome of its Shareholders Meeting and Grants Options

MONTREAL, QUEBEC--(Marketwired - May 19, 2015) - TomaGold Corporation (TSX VENTURE:LOT) ("TomaGold" or the "Corporation") is pleased to announce the results of its annual and special meeting of shareholders.

The shareholders approved, by a majority of vote, the appointment of Raymond Chabot Grant Thornton LLP as auditors of the Corporation and the stock option plan. Furthermore, the following five Directors were elected: Mr. Ciro Cucciniello, Mr. Robert Desjardins, Mr. David Grondin, Mr. Pierre Lépine and Mr. Vittorio Violo.

The Corporation proudly welcomed Mr. Lépine among the members of its team as a Director. Mr. Lépine, member of the Order of the Chartered Professional Accountants, is director of Dynacor Gold Mines Inc. He is also Executive Vice-President and co-founder of Groupe ABP. He also held the positions of Director, Investment Private Placement at Caisse de dépôt et placement du Québec, Vice President Corporate Development at GL&V Inc., where he was responsible for acquisitions, Vice President Mergers and Acquisitions at National Bank Financial and Vice President Corporate Finance at PriceWaterhouse. The strategic guidance that he shall provide will be valuable to the Corporation in pursuing its objectives.

Finaly, the Corporation has granted to the directors an aggregate of 1,400,000 stock options to acquire the same number of common shares of the Company at $0.10 per share for a period of 10 years.

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. In November 2013, the Corporation signed an agreement for IAMGOLD to acquire a 50% interest in each of the Monster Lake, Winchester and Lac-à-L'eau-Jaune properties in exchange for a total of $16 million dollars of exploration work and a cash payment of $1,575,000 over five and a half years.

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
    www.tomagoldcorp.com