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TomaGold ( (TSE:LOT) ) has shared an update.
TomaGold Corporation announced it will not close any additional tranches of its previously announced non-brokered private placement. Through the closing of this private placement, TomaGold issued a total of 21.4 million common shares, raising gross proceeds of $497,000, which will be allocated towards general working capital, corporate expenses, and project expenditures in the Chibougamau and SOQUEM properties. The completion of the private placement is pending final approval from the TSXV Venture Exchange.
More about TomaGold
TomaGold Corporation is a Canadian mineral exploration company focused on acquiring, assessing, exploring, and developing gold, copper, rare earth elements, and lithium projects. The company aims to consolidate the Chibougamau Mining Camp in northern Quebec and holds interests in multiple properties, including gold properties near the camp and lithium and rare earth elements properties in Quebec and Ontario.
YTD Price Performance: 15.00%
Average Trading Volume: 151,417
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$5.51M
For a thorough assessment of LOT stock, go to TipRanks’ Stock Analysis page.