TomaGold Plans Non-Brokered Private Placement of $250,000 for Exploration
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Financing Plan: TomaGold Corporation intends to complete a non-brokered private placement with gross proceeds of up to $250,000, aimed at supporting its exploration projects in Quebec and Ontario.
- Share Issuance: The offering will consist of up to 3,846,154 common shares priced at $0.065 each, which is expected to provide the necessary funding for eligible Canadian exploration expenses.
- Compliance Requirements: The securities issued will be subject to a hold period of four months and one day, adhering to Canadian securities laws and TSXV policies, ensuring investor protections are in place.
- Strategic Positioning: TomaGold focuses on high-potential precious and base metal projects, particularly in the Chibougamau Mining Camp, aiming to enhance its competitive edge in the mining sector through this financing initiative.
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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.
