Brief: Tomagold signs LOI to acquire Red Metal Resources
19/09/2016 17:01
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: ID:nCCN8c9zFB
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