TomaGold Strikes Joint Venture Agreement with Quinto Real Capital for Monster Lake Property
TomaGold Corporation (LOT.V) has signed a joint venture agreement with Quinto Real Capital Corporation for the exploration and development of the Monster Lake property, located 44 km southwest of Chibougamau, Quebec.
The agreement grants Quinto the option to acquire an initial 50% interest in the Monster Lake property in consideration of one million shares of Quinto to be issued on closing of the transaction, $350,000 paid to TomaGold over a 4-year period, and funding of $6 million in exploration work over a four-year period.
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