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