TomaGold Closes $348,075 Non-Brokered Private Placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: Businesswire
- Successful Financing: TomaGold has closed a non-brokered private placement raising $348,075.45 by issuing 5,355,007 flow-through shares, reflecting strong market interest in its projects and bolstering its financial foundation for future exploration activities.
- Finder's Fees Paid: The company paid $9,617.27 in cash finder’s fees and issued 96,173 finder’s compensation warrants, which not only incentivizes finder participation but also strengthens the company's relationships with investors.
- Future Financing Plans: TomaGold intends to conduct another non-brokered private placement aiming to raise up to $150,000 by issuing 2,727,273 units, which will provide additional operational funding to support its general expenses and project development.
- Stock Options Granted: The company granted a total of 9,750,000 stock options to directors, officers, and consultants at an exercise price of $0.065 per share, which aligns management incentives with shareholder interests and enhances the company's long-term growth potential.
Analyst Views on LOT
About LOT
Lotus Technology Inc is a company mainly engaged in the design, development, manufacturing and sales of luxury electric vehicles. The Company is mainly engaged in providing luxury lifestyle battery electric vehicles, focusing on electrification, digitalization, intelligence and other automotive technologies. The Company designs, develops and sells luxury lifestyle cars (non-sports cars for everyday use) under the iconic British brand Lotus. The Company operates in China, the UK and the EU market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
