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Financings

TomaGold closes $348,075 private placement

By The Northwire Desk — AI Analysis Dec 31, 2025 · 20:47 LOT · 0.055 TomaGold Corporation
LOT · Price

Executive Summary

  • TomaGold Corp. has closed an oversubscribed non-brokered flow-through private placement, raising $348,075.45 from the issuance of 5,355,007 common shares at 6.5 cents per share.
  • The company announced a new non-brokered private placement for up to $150,000, consisting of units priced at 5.5 cents, each including a common share and a warrant.
  • TomaGold granted 9.75 million stock options to directors, officers, and consultants at an exercise price of 6.5 cents per share.

Key Details

  • Flow-Through Private Placement Closing:
    • Total proceeds: $348,075.45.
    • Shares issued: 5,355,007 common shares on a flow-through basis.
    • Price per share: 6.5 cents.
    • Use of proceeds: Exploration expenses eligible as Canadian exploration expenses (flow-through critical mineral mining expenditures).
    • Hold period: Four months and a day from issuance.
  • Finder’s Fees and Warrants:
    • Aggregate cash finders' fees paid: $9,617.27.
    • Warrants issued to finders: 96,173 warrants.
    • Warrant terms: Entitle holder to purchase one common share at 10 cents per share for 24 months from issuance.
  • New Private Placement (Announced):
    • Gross proceeds target: Up to $150,000.
    • Units to be issued: Up to 2,727,273 units.
    • Price per unit: 5.5 cents.
    • Unit composition: One common share and one-half of one share purchase warrant.
    • Warrant terms: Entitle holder to purchase one additional share at 10 cents for 24 months from issuance.
    • Use of proceeds: General and corporate working capital.
    • Hold period: Four months and one day under Canadian securities laws and TSX-V policies.
    • Status: Subject to TSX-V approval and filings.
  • Stock Option Grant:
    • Total options granted: 9.75 million.
    • Recipients: Directors, officers, and consultants.
    • Exercise price: 6.5 cents per share.
    • Term: Five years.

Notable Quotes

  • None provided in the text.
Read the original news release →

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