|By Marketwire .||
|February 11, 2013 04:15 PM EST|
MONTREAL, QUEBEC -- (Marketwire) -- 02/11/13 -- TomaGold Corporation (TSX VENTURE:LOT) ("TomaGold" or the "Company") is pleased to report that it has closed a non-brokered private placement in the amount of $170,000.
The Company has issued 1,700,000 common shares priced at $0.10 per share and 1,700,000 warrants. Each warrant entitles its holder to purchase one common share of the Company at $0.12 within a one-year period. The Company paid a cash finders' fee equal to a maximum of 10% of the gross proceeds raised in connection with this financing.
TomaGold will use the proceeds from the private placement 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.
President and CEO