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TomaGold announces debt settlement with shares

TomaGold (TSXV:LOT:CA) announced that the corporation has settled a total of $541K of its outstanding debt by issuing to the creditors thereof an aggregate of 27,069,047 common shares at a deemed price of $0.02 per share.The corporation plans to complete a second tranche of the private placement of up to 9.4M shares at a price of $0.025 and up to 25M shares at a price of $0.02, for aggregate gross proceeds of up to $735K.

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