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TomaGold (TSXV: LOT) (OTCQB: TOGOF) has decided not to proceed with the acquisition of the East Block from Chibougamau Independent Mines Inc. (TSXV: CBG). Despite having financing proposals, the companies couldn't agree on commercially acceptable terms. TomaGold has received work commitment extensions to December 15, 2024 for the West Block project from SOQUEM Inc., Chibougamau, and Globex Mining Enterprises Inc. The company will hold its annual general and special meeting of shareholders on August 29, 2024. Additionally, board member Wanda Cutler has resigned effective June 12, 2024.
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