It could be Tomagold this time! Back in July 09, 2020 Goliath Resources was trading at 20 cents, right after that deal with Tomagold they start taking off and never looked back. This time around it could be us, all we need is some great news and up we go.
MONTREAL, July 09, 2020 (GLOBE NEWSWIRE) -- TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce the signing of an option agreement (the “Agreement”) for the sale of up to an 80% interest in the Lac Doda Property to Goliath Resources Limited (TSXV: GOT) (“Goliath”). The Lac Doda Property consists of 80 mining claims covering 4,478 hectares and is located approximately 20 km southwest of the Monster Lake property in the Chibougamau mining camp in Quebec.
The following is a summary of the terms for the acquisition by Goliath of a 65% undivided interest:
- Upon receipt of the approval of the TSX Venture Exchange or at the latest on July 31, 2020, Goliath will issue 625,000 common shares and 625,000 warrants, each warrant entitling the holder to acquire one common share of Goliath at a price of $0.24 over a 36-month period.