TomaGold Corp V.LOT

Alternate Symbol(s): TOGOF

Metals & Mining Gold

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.

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TomaGold Corp

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Comment by sonofcroyon Jan 15, 2019 9:23pm

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Post# 29237338

RE:RE:RE:RE:Iamgold and 75% of Monster

When Toma negotiated the deal they had no leverage to be able to demand anything. David was desperate and went grovoling to IAMGOLD for money. I do hope there is a deal but only if it's a good deal. The only leverage we have is the poison pill which will force IAM to pay at least 15cents.
otherwise they could have bought all of Toma already for 10mil including the premium. Instead they did an option agreement for 10mil for only 25%. This tells me that they will not give a low ball offer otherwis they would have already. Only reason I can think of for them to not have bought all of Toma for 10Mil compared to paying 10mil for only 25% is the poison pill which is saving our butts right now

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