TomaGold Announces Proposed Private Placement

MONTREAL--(BUSINESS WIRE)--TOMAGOLD CORPORATION (TSXV: LOT; OTCPK: TOGOF) (“TomaGold” or the “Company”) announces that, subject to the receipt of all required filings with and approvals from the TSX Venture Exchange (the “TSXV”), it intends to complete a non-brokered private placement for gross proceeds of up to $1,500,000 (the “Offering”). The Offering will consist of up to 10,000,000 flow-through units of the Company (“FT Units”) at a price of $0.075 per FT Unit, and up to 12,500,000 hard cas.