TomaGold Corp V.LOT

Alternate Symbol(s): TOGOF

Metals & Mining Industrial Metals & Minerals

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

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Comment by buygoldbugon Jan 18, 2020 3:49pm

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Post# 30569424

RE:New valuation for Monster.

The higher the valuation you get the more money you need to raise. Yes its valuation is higher now but as long as they dont get it officially revalued then we go with the same original valuation. Without the anik property it's worth a bit less also in a way but now we end up with more shares and same valuation so works out in our advantage to not have the anik deal

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