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

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Comment by PeterThomason Sep 09, 2020 2:56pm

96 Views

Post# 31527757

RE:RE:No money to explore or drill anything.

mario2007 wrote: we received 500K$ from Pacton plus about 2M$ in value in shares. So explain where you see no money

I doubt they have much available cash for anything other than salaries and Director fees for the next 1-2 years. Good luck raising any money from the market. Do you think the 19 month deal fiasco does anything to encourage further outside investors to give these guys any money ? . Most of the cash they have is reserved first for management and Board compensation. These guys don't work for free.

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