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Financings

TomaGold arranges $250,000 private placement

By The Northwire Desk — AI Analysis Dec 29, 2025 · 19:25 LOT · 0.055 TomaGold Corporation
LOT · Price

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.
Read the original news release →

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