RE:LOT HOLDING STRONGTomaGold (V.LOT) opens 2014 ready for more merger/acquisition activity: reports Having completed the holy resource trifecta of raising money, successfully exploring, and working merger and acquisition deals in 2013, the David Grondin-led TomaGold (TSX:V.LOT, Stock Forum) outfit is geared up for more of the same in the year to come, according to a report on Kitco. IAMGOLD (TSX:T.IMG, Stock Forum) took out a $17.575 million option agreement on the Montreal microcapper’s Monster Lake, Winchester and Lac à l'eau jaune properties in mid-November, bringing substantial interest to the company as the mining giant agreed to spend $16 million on exploration work alongside $1.575 million in payments over five years. TomaGold has since earned another $190,000 in a private placement closed last week. Grodin told reporters Tuesday, “We’re still looking at opportunities. If I can pull the trigger on a deal or a takeover merger or a larger transaction, why not, but it needs to make sense.” He noted a belief that such merging activity will be on trend over the next twelve months. “Some companies, they’re dying right now so they might be looking into doing something more at the corporate level, so we will be listening and looking around.” “We’ll be in the driver’s seat in any case,” he added. On the IMAGOLD deal, Grodin continues to be happy with the arrangement. “IAMGOLD is now taking the lead, so they will be planning the next working phase, which will be sometime in January,” Grondin said. “We’ll be drilling on Monster Lake for likely the first half of 2014 with them and then we’ll address the next phase of work.” TomaGold had a furious heavily traded November following the IAMGOLD news but saw stocks steadily slide through mid-December before the market again began to warm to its potential, leading to a 44% jump through to Wednesday. DISCLOSURE: TomaGold is a Stockhouse Publishing client, but has not paid for this article Read more at https://www.stockhouse.com/news/natural-resources/2014/01/08/tomagold-v-lot-opens-2014-ready-for-more-merger-acquisition-activity-reports#8AWYOxVbBaqbC8XV.99