TomaGold Announces Closing of Second and Final Tranche of Private Placement
· Financial Post
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 flow-through units of the Company (“FT Units”) at a price of $0.075 per FT Unit. Each HC Unit consists of one common share in the capital of the Company and one-half of one share purchase warrant (each whole warrant, a “Warrant”), with each Warrant entitling the holder thereof to purchase one additional common share at a price of $0.10 for a period of 24 months from the date of issuance. Each FT Unit consists of one common share in the capital of the Company that will qualify as a “flow-through share” for the purposes of the Income Tax Act (Canada) (each, a “FT Share”) and one-half of one Warrant. Read More
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