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TomaGold Corp V.LOT

Alternate Symbol(s):  TOGOF

TomaGold Corporation is a Canadian mineral exploration company. The Company is engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. Its projects include Obalski, Star Lake, Brisk Extension, Monster Lake East, Monster Lake West, Hazeur, Lac Doda and Baird. The Obalski property consists of 74 claims covering an area of 2,740 hectares (ha) or 27 square kilometers (km2), located approximately two kilometers (km) south of Chibougamau, Quebec, in the heart of the Chibougamau mining camp. It holds a 100% interest in 214 claims (Star Lake property) over an area of 10,906 ha, the land position in the sector. It holds a 100% interest in 107 claims (Brisk Extension) covering a total area of 5,487 hectares (or 55 km2). The Monster Lake East property consists of 105 mineral claims covering an area of 5,867 hectares and located directly to the east of the Monster Lake property.


TSXV:LOT - Post by User

Bullboard Posts
Comment by sonofcroyon Aug 14, 2017 5:33pm
55 Views
Post# 26580348

RE:RE:IMG will buy Tomagold before 43-101 comes out.

RE:RE:IMG will buy Tomagold before 43-101 comes out.if you look at IAM golds buy out of merrex gold they owned 23% of merrex for well over a year and then aquired 100% of merrex a full year after the resource estimate came out. they paid basically no premium for merrex and gave iamgold shares as payment rather than cash. I think it was a terrible deal for merrex share holders. Hopefully we get a better deal. I do think IAM will buy all of toma just as they bought all of merrex which also had a lot of other small properties but I don't think it will be untill after the resouce estimate comes out. these guys are not in a rush to do anything. They have basically already sealed the deal for themselves wether they buy now or later.
Bullboard Posts