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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

Post by eagle35on Jun 15, 2021 10:18am
180 Views
Post# 33387786

David Grondin = Fraud

David Grondin = Fraud David and Martin should both go to jail for fraud.  
August 2017 Tomagold received 2.5 million dollars from IAMGOLD in return of 27.7 million shares of Tomagold. 
January 2018 Tomagold announced the start of gold brokerage company named Tomasouth. The company used 1 million dollars received from IAMGOLD to start the new company. Tomagold south didn’t go anywhere. 6 months later, Tomasouth Gold Exchange was closed down but unfortunately 1 million dollars disappeared, never made it back to Tomagold bank accounts. 
January 2019 the company was halted and and dream spinoff was announced. Like every other dream, it went nowhere. The halt lasted for over a year and half. By the time the halt was lifted , Tomagold had absolutely no money left in its bank account.Not only they halted the company illegally and costing us the shareholders tons of money ( we totally missed the gold bull market ) but they burn through cash like no tomorrow.
August 2017 to August 2020 David & Martin burn through 2.5 million dollars, no drilling campaigns, no work done, halted the company for half of that time. Pretty much they spent 2.5 million dollars in a Year and half with absolutely nothing to show for. Where did that money go ? Obviously in David Grondin’s pockets and his CFO Martin Nicoletti.
Both these guys are big time crocks and belong in jail. 

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