TomaGold Makes Cash and Share Payments
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TomaGold Makes Cash and Share Payments
ROUYN-NORANDA, QUÉBEC - Chibougamau Independent Mines Inc. (CBG-TSX-V in Canada, CLL1 -
Frankfurt, Stuttgart, Berlin and Lang & Schwarz Stock Exchanges in Germany, CMAUF -OTC in the US) ,
herein called Chibougamau, is pleased to inform shareholders that TomaGold Corporation (“TomaGold”)
(TSXV: LOT, OTCQB: TOGOF) has deposited $500,000 in the bank account of Chibougamau as requi red.
Under the option agreement for the West Block of claims TomaGold deposited $300,000, the first-year
option payment. Also, per the Letter of Intent (“LOI”), $200,000 was deposited related to an exclusive
six-month due diligence period to study the East Block of claims. (See Chibougamau press release dated
August 14, 2023 for details of the option agreement and LOI).
In addition, TomaGold has issued instructions for the deposit of 6,000,000 TomaGold shares valued at
$0.03 per share ($180,000) into Chibougamau’s stock account.
Chibougamau is pleased that the agreements have now been activated and l ooks forward to working
with TomaGold to help them realize the value of the assets to both our benefits.
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 the release.
We Seek Safe Harbour.
CUSIP Number 167101 203
LEI 529900GYUP9EBEF7U709
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Chibougamau Independent Mines Inc.
86, 14th Street
Rouyn-Noranda, Quebec Canada J9X 2J1
Tel.: 819.797.5242
Fax: 819.797.1470
www.chibougamaumines.com
Forward Looking Statements
Except for historical information this News Release may contain certain “forward looking statements”. These statements may involve a number of known
and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the
Companies expectations and projections. A more detailed discussion of the risks is available under “disclaimer” on the Company’s website.
Press Release
September 18, 2023
61,065,536 shares issued and outstanding