TomaGold to Put Gold Reef Mine Into ProductionTomaGold to Put Gold Reef Mine Into Production 25 minutes ago by Marketwire -- TomaGold invests US$750,000 as secured loan to put the Gold Reef Mine into production -- Receipt of 25% of the cash flow generated from the Gold Reef Mmine -- Agreement also includes an option to acquire a 50% interest in the Gold Reef Mine for US$2 million in capital expenditures -- The partner Gold Reef has a 3,000 t/month purchase contract with Freeport-McMoRan Miami Inc. -- US$4 million financing commitment from a Hong Kong-based group of investors for this transaction and future acquisitions TomaGold Corporation (TSX VENTURE: LOT) ("TomaGold" or the "Company") is pleased to announce the signing of an agreement with Gold Reef Mining LLC, Arizona, whereby TomaGold will provide at the closing a secured loan (the "Loan") for the exploitation of the Gold Reef mine (the "Mine"). Having a term of one year and bearing interest at 10% per year, this transaction will allow having a carried interest of 25% of the cash flow generated by the Mine. The carried interest will remain after the Loan has been reimbursed, namely for the full duration of the Mine.