TomaGold Corp V.LOT

Some news.....

[kamayleon]

MONTREAL, April 30, 2020 (GLOBE NEWSWIRE) --TOMAGOLD CORPORATION(TSXV: LOT)(TomaGold or the Corporation) 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 toPacton Gold Inc. (TSXV: PAC, OTC: PACXF). 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, 2020. The Corporation is relying upon temporary relief granted by the Autorit des marchs financiers (AMF) allowing reporting issuers to extend certain continuous disclosure filing deadlines occurring during the period between March 23, 2020 to June 1, 2020 by 45 days. Management and directors of the Corporation are subject to an insider trading blackout policy until the delayed filings are completed, reflecting the principles in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. The Corporation confirms that there have been no significant events beside the sale of its 39.5 % interest in the Sidace Lake property, affecting its business since the filing of its 2020 first quarter interim financial statements on January 29, 2020. Furthermore, in the coming days the Corporation will provide an update on its spin-out transaction due to current market conditions. ....... Glta Kam

[mario2007]

the key sentence: Furthermore, in the coming days the Corporation will provide an update on its spin-out transaction due to current market conditions.

[12many]

"due to current market conditions" = excuse for continued halt! They had better not be taking pay for doing nothing.

[eagle35]

I rather wait 2 more months and complete the spin off then start trading tomorrow. We waited for way too long to give up now. The deal with Pacton is good and it’s got a great potential but we need to complete the spinoff. 

[makinprofit]

Yes an excuse for something coming down the pipe that is unfavorable to us longtime bag holders. " 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, " Why do they need extra time.Little in the way of activity. It could have been done in

[JimPro66]

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