The TSX Venture Exchange has accepted for filing documentation relating to an option agreement between TomaGold Corp. and an arm's-length party. Pursuant to the agreement, the company shall acquire a 100-per-cent interest in the Gwillim group of mining claims near Chibougamau, Que.
The number of common shares to be issued in regard to the amounts of $25,000, for each of the share payments due on the second, third and fourth year following the effective date, will be calculated using the 20-day volume-weighted average price at the time of the share issuances, subject to a minimum price of five cents per common share.
For further details, please refer to the company's news releases dated Aug. 14, 2023, Sept. 13, 2023, Sept. 18, 2023, April 12, 2024, Aug. 2, 2024, and Dec. 23, 2024.
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