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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 buygoldbugon Jan 27, 2019 3:16pm
106 Views
Post# 29286884

Example of spinout success

Example of spinout successHave a look at NGEx . In August 2016 they spun out filo mining. It started trading around 60 cents a share and by and of 2016 was trading near 3$ a share. This was 100% free money for its shareholders. Now they are about to do it again with another one of their properties. Also their stock was never halted for this and did increase in value by quite a bit leading up to the spinout. I think it's a great way to unlock value in a company. This is going to work very well I think. Good chance the new monster exploration company goes much higher than 35 mil. Could easily be trading at 100 mil before a buyout comes with premium. I'll probably sell all my toma shates and buy monster shares with the proceeds. This is going to be a big winner. Good job to all who patiently waited years for this
Bullboard Posts