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TomaGold Corp V.LOT

Alternate Symbol(s):  TOGOF

TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. The Company is focused on consolidating the Chibougamau Mining Camp in northern Quebec. In addition to the agreements to acquire 13 properties in the camp, the Company holds interests in five gold properties in the vicinity of the camp: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake. It also owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec, as well as a 24.5% interest in the Baird property, located near the Red Lake mining camp in Ontario through a joint venture with Evolution Mining Ltd. and New Gold Inc. The Obalski property consists of about 74 claims covering a total of 2,740 hectares (ha) and lies three kilometers (km) south of Chibougamau, Quebec.


TSXV:LOT - Post by User

Bullboard Posts
Comment by sonofcroyon Aug 14, 2017 5:33pm
57 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