December 17, 2025 — Leads & Copy — TomaGold Corporation (TSXV: LOT; OTCPK: TOGOF) has announced the closing of the second and final tranche of its non-brokered private placement for total proceeds of $1,007,000.
Combined with the proceeds from the first tranche of the Private Placement, which closed on November 21, 2025, the total aggregate proceeds amount to $2,112,000.
The Final Tranche of the Private Placement was completed through the issuance of: (i) 11,690,000 oversubscribed common shares of the Company on a “flow-through” basis at a price of $0.05 per share; and (ii) 10,562,500 units at a price of $0.04 per unit. Each Unit consists of one common share in the capital of the Company and one-half of one Share purchase warrant, each entitling the holder thereof to purchase one additional Share at $0.08 for a period of 24 months from the date of issuance thereof.
In connection with the Final Tranche of the Private Placement, TomaGold paid aggregate cash finder’s fees of $25,305 and issued 520,130 finder’s compensation warrants to the eligible finders. Each Finder’s Warrant entitles the holder to purchase one Share of the Company at $0.08 per Share for a period of 24 months from the date of issuance.
All securities issued in connection with the Final Tranche of the Private Placement are subject to a statutory hold period of 4 months and a day from their issuance. The net proceeds from the sale of the Units will be mainly used by the Company for general and corporate working capital purposes, with no specific use representing 10% or more of the gross proceeds. The Company intends to use the gross proceeds from the sale of the FT Shares to incur exploration expenses that are eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as such terms are defined in the Income Tax Act (Canada).
Closing of the Private Placement remains subject to final approval of the TSXV Venture Exchange.
TomaGold Corp. is a Canadian junior mining company focused on the acquisition, exploration, and development of high-potential precious and base metal projects, with a primary focus on gold and copper in Quebec and Ontario. The Company’s core assets are located in the Chibougamau Mining Camp in northern Quebec, where it owns the Obalski gold-copper-silver project and holds options to acquire 12 additional properties, including the Berrigan Mine, Radar, David, and Dufault projects. TomaGold also holds a 24.5% joint venture interest in the Baird gold property near the Red Lake Mining Camp in Ontario. In addition, the Company has lithium and rare earth element (REE) projects in the James Bay region, strategically positioned near significant recent discoveries.
Source: TomaGold
