The funds raised comprises $749,300 in flow-through units and $62,000 in common units from its issued 4,995,333 flow-through common shares.
The company also issued 1,498,600 common shares priced at $0.10 per share along with 1,498,600 warrants.
Each issued warrant entitles its holder to purchase one common share of the firm at $0.12 within an year.
TomaGold plans to utilize the said amount to explore Monster Lake property is located in northwestern Quebec and also to fund the working capital purposes.
Recently the mining company had reportedly drilled 16 holes in addition to previous drillings for a total of 2,420 mts, discovering 237.6 gm per tonne gold over 5.7mts in Hole M-12-60.
