TomaGold plans $250,000 private placement for exploration expenses

TomaGold Corporation (TSXV: LOT; OTCPK: TOGOF) announced a proposed non-brokered private placement to raise up to $250,000 in gross proceeds, subject to TSX Venture Exchange approval.

The offering will consist of up to 3,846,154 flow-through common shares priced at $0.065 per share. The company will use proceeds to incur exploration expenses that qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures under Canada's Income Tax Act.

Securities issued under the offering will be subject to a four-month and one-day hold period under Canadian securities laws and TSXV policies. The offering requires TSXV approval to proceed.

TomaGold is a Canadian junior mining company focused on precious and base metal projects in Quebec and Ontario. The company's assets include the Obalski gold-copper-silver project and options on 12 additional properties in Quebec's Chibougamau Mining Camp, plus a 24.5% joint venture interest in the Baird gold property near Ontario's Red Lake Mining Camp.

The securities have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption.

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