TomaGold provides update on Monster Lake spin-out transaction
TomaGold provides update on Monster Lake
spin-out transaction
MONTREAL
,
June 25, 2019
/CNW Telbec/ -
TOMAGOLD CORPORATION (TSXV: LOT)
("TomaGold" or the "Corporation") announces that TSX Venture Exchange approval is still pending
with respect to the plan of arrangement to spin-out Monster Exploration Inc., which was first
announced on
January 25, 2019
(see press releases dated
January 25, 2019
and
April 18, 2019
).
Pursuant to the plan of arrangement, TomaGold will spin-out all of its Monster Lake assets in the
Province of
Quebec
into a new company called Monster Exploration Inc.
The Corporation will set a new meeting date to obtain shareholder approval in
August 2019
and
court approval in
July 2019
. The Corporation will put out an update promptly following TSX Venture
Exchange approval.
About TomaGold Corporation
TomaGold Corporation is a Canadian mineral exploration Corporation engaged in the acquisition,
assessment, exploration and development of gold mineral properties. It currently has joint venture
agreements with IAMGOLD Corporation for the Monster Lake project, with Goldcorp Inc. for the
Sidace Lake property, and with Goldcorp Inc. and New Gold Inc. for the Baird property. TomaGold
has interests in seven gold properties near the
Chibougamau
mining camp in northern
Quebec
:
Monster Lake, Winchester, Lac à l'eau jaune, Monster Lake East, Monster Lake West, Obalski and
Lac Doda. It also holds interests of 39.5% in the Sidace Lake property and 24.5% in the Baird
property near the
Red Lake
mining camp in
Ontario
, and has a 70% interest in the Hazeur property,
at the southern edge of the Monster Lake group of properties.
Neither 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.
SOURCE
Corporation TomaGold
View original content:
http://www.newswire.ca/en/releases/archive/June2019/25/c9284.html
%SEDAR: 00025917E
For further information:
David Grondin, President and Chief Executive Officer, (514) 583-3490,
www.tomagoldcorp.com
CO: Corporation TomaGold
CNW 16:31e 25-JUN-19