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 [...]
TomaGold Corp. announces an update on its spin-out transaction involving the Corporation's wholly-owned subsidiary, Monster Exploration Inc., which was the subject of press releases on January 25, 2019, and April 18, 2019. As part of the spin-out operation, Monster amended the agreements with Quinto Resources Inc., Brunswick Resources and Antoine Fournier by extending the expiry date of these agreements to March 31, 2020 [...]
TomaGold Corp. is pleased to report that IAMGold Corp. today announced assay results from the 2019 winter drilling program completed at its Monster Lake joint venture project , located 50 kilometres southwest of Chibougamau, Quebec, Canada. IAMGOLD is reporting the final assay results from 16 drill holes, totaling 5,270 metres, completed as part of the 2019 exploration program. The assay results are provided in Table 1 [...]
TomaGold Corp. announces that TSX Venture Exchange approval is still pending with respect to the plan of arrangement to spin-out Monster Exploration Inc., which was first announced on January 25, 2019. Pursuant to the plan of arrangement, TomaGold will spin-out all of its Monster Lake assets in the Province of Quebec into a new company called Monster Exploration Inc. The Corporation will set a new meeting date to obtain [...]
In the news release "TomaGold provides update on spin-out transaction, announces Monster Exploration secured additional gold deposit and named a new seasoned board member", issued 18-Apr-2019 by Corporation TomaGold over CNW Telbec, we are advised by the company that the information under the section "Philibert Gold Deposit Transaction" has been modified. The first bullet point now reads: "Share payments: $300,000 payment [...]
The Corporation's subsidiary, Monster Exploration, further consolidates its Monster Lake land position, which now includes two gold deposits and several promising exploration sites on more than 700 claims TomaGold Corp. is pleased to provide an update on the previously announced spin-out transaction involving the Corporation's wholly-owned subsidiary, Monster Exploration Inc. , and to announce that, in connection with the [...]
Combined spin-out assets valued at C$22.66 million Newly acquired assets include the Anik property from Kintavar Exploration Inc. and the Diego project Concurrent financing of a minimum of C$8 million in the spin-out corporation, Monster Exploration New consolidated Monster Lake sector will consist of 610 claims covering 311 square kilometres TomaGold Corp. today announced that its Board of Directors has approved, in [...]
IAMGOLD starts a 5,000-metre drilling program The program targets new areas to identify new gold-bearing lenses TomaGold Corp. is pleased to announce that its joint venture partner, IAMGold Corp. , has started a new 5,000-metre drilling program on the Monster Lake property, located 50 kilometres southwest of Chibougamau, Quebec. The objective of the drilling program is to evaluate select targets along the structural [...]