TomaGold Announces a Debt Settlement for SharesIs this a joke?? We don't get any news for almost 3 months and they do this mice nut little deal. Are they saying that they have burned through all of the cash from IMG already to the point that they couldn't afford to pay a debt of 12.8k?? Lets get rid of these guys as fast as we can!
MONTREAL, Jan. 19, 2018 (GLOBE NEWSWIRE) -- TOMAGOLD CORPORATION (TSXV:LOT) (“TomaGold” or the “Corporation”) announces a debt settlement for shares with a supplier. Under this agreement, the Corporation will issue a total of 214,050 common shares at a price of $0.06 per share for a total amount of $12,843. No insider participates in this settlement and the issued shares will be subject to a hold period of four months and one day. This transaction remains conditional upon the approval of the TSX Venture Exchange.