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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
Post by labrador6on Aug 28, 2018 4:00pm
54 Views
Post# 28531805

12 months

12 monthsAugust 2017 : $2.5M from IMG

approx January 2018: creation gold brokerage business

April 12, 2018: Acquisition of 64 claims (price = 300 000 shares to a prospector)

July 16, 2018: Results from the induced polarization geophysical survey on monter Lake East

August 27, 2018: cease of gold brokerage business

This is the PR of Toma in the last 12 months (the others are from IMG)

With the $2.5M they paid a convertible loan (I don't remember the amount). But for the rest...

At present (september 2018), what is the  situation of the cashflow. Only $500 000 from our brokerage business???

We need to screen seriously line by line all the financial statements since 1 year. We have a good idea but the situation is serious + someone knows if our advisory board members received only stock options or some remuneration in cash too?. Cause, at the end, it is AM Resources who benefit of their work and contacts???
Bullboard Posts