TomaGold completes first tranche of private placement for $1.1 million

TomaGold Corporation (TSXV: LOT; OTCPK: TOGOF) closed the first tranche of its non-brokered private placement, raising $1,105,000 through the issuance of 19.3 million flow-through shares at $0.05 per share and 3.5 million units at $0.04 per unit.

Each unit consists of one common share and one-half of a share purchase warrant. The warrants allow holders to purchase additional shares at $0.08 each for 24 months from issuance.

The company paid $56,000 in cash finder's fees and issued 1.12 million finder's compensation warrants. These warrants enable holders to buy shares at $0.08 each for 24 months.

All securities from the first tranche are subject to a four-month and one-day statutory hold period. The company plans to use proceeds from unit sales for general corporate and working capital purposes. Flow-through share proceeds will fund exploration expenses that qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures under Canada's Income Tax Act.

A company officer purchased 750,000 units for $30,000, constituting a related party transaction. This transaction is exempt from formal valuation and minority approval requirements under Multilateral Instrument 61-101 because TomaGold's securities are not listed on specified stock exchanges and the transaction value does not exceed 25% of the company's market capitalization.

The private placement closing remains subject to final approval from the TSX Venture Exchange.

TomaGold also engaged OTCWagon for a 38-day market awareness program, paying a one-time fee of C$10,000. The agreement, signed November 21, 2025, contains no performance factors or stock compensation.

The Montreal-based junior mining company focuses on precious and base metal projects in Quebec and Ontario, with core assets in the Chibougamau Mining Camp.

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