TomaGold Corp V.LOT

Alternate Symbol(s): TOGOF

Metals & Mining Gold

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

TomaGold Corp

Bullboard Posts

Comment by labrador6on Feb 06, 2019 3:58pm

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Post# 29328360

RE:RE:RE:RE:RE:Long trading halt

If they have legal reasons or obligations to respect for a simple announcement that they're going to make a spinout, that's okay. They don't have choice.

But, if they dit it at their sole discretion, it makes me a lot of questions.

There are shareholders who would probably need to sell their shares for various reasons, even at loss. Right now, if it's just a discretionary decision, that's a big problem because they're holding these shareholders hostage.

It's just an announcement of a spinout. Thus, in the case of LOT, they have a legal obligation to put the stock halt OR is only a discretionary decision of the company? If it's a discretionary decision, what is the real reason?

Bullboard Posts

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