TomaGold arranges $250,000 private placement

Executive Summary

• TomaGold Corp. announces a proposed non-brokered private placement for gross proceeds of up to $250,000, subject to TSX Venture Exchange approval.
• The offering consists of up to 3,846,154 flow-through common shares priced at 6.5 cents per share.
• Proceeds will be used for exploration expenses qualifying as flow-through critical mineral mining expenditures under the Canadian Income Tax Act.

Key Details

• Transaction Type: Non-brokered private placement on a flow-through basis.
• Gross Proceeds: Up to $250,000.
• Share Price: 6.5 cents per flow-through (FT) share.
• Quantity: Up to 3,846,154 common shares.
• Use of Proceeds: To incur exploration expenses eligible as Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures.
• Hold Period: Four months and one day under applicable Canadian securities laws and TSX Venture Exchange policies.
• Regulatory Status: Subject to filings with and approval from the TSX Venture Exchange.