August 10, 2017 / 11:20 AM / 4 months ago

BRIEF-TomaGold announces strategic investment of $2.5 mln by Iamgold

Aug 10 (Reuters) - TomaGold Corp

* TomaGold announces strategic investment of $2.5 million by Iamgold

* TomaGold Corp - Iamgold agreed to subscribe by way of private placement 27.8 million common shares of TomaGold at a price of $0.09 per common share

* TomaGold Corp - Transaction closing, Iamgold will own about 19.98% of issued and outstanding common shares of TomaGold on a non-diluted basis​

* TomaGold Corp - ‍Proceeds from $2.5 million private placement will be primarily used for exploration on TomaGold’s properties​ Source text for Eikon: Further company coverage:

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