MONTREAL, QUEBEC--(Marketwired - Oct. 18, 2013) -TomaGold Corporation (TSX VENTURE:LOT) ("TomaGold" or the "Company") is pleased to report the second closing of a private placement in the amount of $300,000. This amount is added to the sum of $ 384 500 announced on October 11, 2013, the whole on a maximum total of $ 1 000 000.
The private placement consists in the issuance of 3,000,000 common shares priced at $0.10 per share and 1,500,00 warrants. Each warrant entitles its holder to purchase one common share of the Company at $0.12 within a two-year period. An amount of $11,450 was paid in commission fees to brokerage firms.
TomaGold will use the proceeds from the private placement for exploration work, asset acquisitions, and for working capital purposes. The securities issued under the private placement are subject to a resale restriction period of four months and one day.
The private placement is subject to regulatory approval.
About TomaGold Corporation
TomaGold Corporation is a Canadian-based mining exploration company whose primary mission is the acquisition, exploration and development of gold projects in Canada and abroad.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.