September 19, 2016 / 4:11 PM / a year ago

BRIEF-Tomagold signs LOI to acquire Red Metal Resources

1 Min Read

Sept 19 (Reuters) - Tomagold Corp

* Tomagold signs LOI to acquire Red Metal Resources

* Proposal would be that such Red Metal shareholders will receive in exchange an aggregate consideration of CAD $3.3 million

* Parties have agreed to a break-up fee of CAD $175,000 payable to Tomagold if Red Metal is in default of this LOI Source text for Eikon:

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