TomaGold Announces Closing of First Tranche of Private Placement Featuring Strategic Investment from SIDEX and NQIM

MONTREAL--(BUSINESS WIRE)--TOMAGOLD CORPORATION (TSXV: LOT; OTCPK: TOGOF) (“TomaGold” or the “Company”) is pleased to announce the closing of the first tranche (the “First Tranche”) of its previously announced non-brokered private placement (the “Private Placement”) for total proceeds of $853,969.98. The First Tranche was completed through the issuance of 10,483,333 hard cash units (the “HC Units”) at a price of $0.06 per HC Unit, and of 2,999,600 flow-through units of the Company (“FT Units”).