TomaGold Announces Closing of Second and Final Tranche of Private Placement

TomaGold Announces Closing of Second and Final Tranche of Private Placement

MONTREAL -- TOMAGOLD CORPORATION (TSXV: LOT; OTCPK: TOGOF) (“TomaGold” or the “Company”) is pleased to announce the closing of the second and final tranche (the “Second Tranche”) of its previously announced non-brokered private placement (the “Private Placement”) for total proceeds of $178,650.00. The Second Tranche was completed through the issuance of 1,375,000 hard cash units (the “HC Units”) at a price of $0.06 per HC Unit, and of 1,282,000 …

TomaGold raises $178,650 more, earmarks funds for exploration

The tranche included 1.375M units at $0.06 and 1.282M flow-through units at $0.075. Warrants run 24 months, with final TSXV approval pending.