Tsa Tp 83 trades in the stock market under the ticker symbol of TOM. Search for the ticker of any public company above using the 'Get Ticker' search in red.

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Last C$0.33 CAD
Change Today +0.01 / 3.13%
Volume 11.0K
As of 12:45 PM 10/24/12 All times are local (Market data is delayed by at least 15 minutes).

tolima gold inc (TOM) Snapshot

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52 Week High
12/12/11 - C$0.65
52 Week Low
08/7/12 - C$0.11
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TOM Does Not Pay Dividends
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tolima gold inc (TOM) Key Developments

Tolima Gold Inc. and IAMGOLD Corp. to Form Joint Venture to Explore Tolima's Ancal Project

Tolima Gold Inc. announced that it has entered into a binding letter agreement with IAMGOLD Corp. whereby Iamgold will have the option to acquire up to a 70% interest in 26 mining properties comprising Tolima's Ancal project and for further joint development of the Properties. Tolima Gold said that as consideration for the granting of the option, Iamgold has agreed to pay Tolima $1,000,000 in two equal installments of $500,000, the first one upon signing of the Agreement, and the second on March 29, 2013. Iamgold may earn up to a 70% interest in the Properties as follows: Iamgold may earn a 51% interest in the Properties by, within 30 months of the date of the Agreement, incurring at least $6,000,000 of exploration investment, including no less than 12,000 meters of drilling; Iamgold may earn a further 9% interest in the Properties by, within two years of the exercise of the 51% option, incurring at least $6,000,000 of additional exploration investment, including no less than 12,000 meters of additional drilling; and Iamgold may earn a further 10% interest in the Properties by, within three years of the exercise of the 9% option, completing a feasibility study prepared in accordance with National Instrument 43-101.

Tolima Gold Inc. Appoints Wally Rudensky to the Board of Directors

Tolima Gold Inc. announced that Mr. Wally Rudensky has been appointed to the board of directors of the company. Mr. Rudensky is independent within the meaning of applicable securities legislation, and will be the chairman of the audit committee. Mr. Rudensky, CA, has an extensive background in the areas of taxation and corporate finance. He has over 30 years of experience in public accounting as partner of MNP LLP, EvansMartin LLP and Arthur Anderson. He has lectured at various universities and professional forums in the tax and corporate finance areas. His background experience is corporate finance, governance, international corporate structuring and more recently, IFRS conversion. Mr. Rudensky has been active as a CFO and a member of the boards of directors for a number of public and private companies, including serving as CFO of CUB Energy Inc.

Tolima Gold Inc. Announces Gold Sampling Results from the San Pablo Mine at the Remedios Project

Tolima Gold Inc. announced results from the company's ongoing underground systematic sampling of existing galleries at the San Pablo mine, demonstrating high gold grades. The San Pablo mine is located within the 11,500 hectares of Tolima's 100% owned Remedios Project, located in the Segovia Batholith in the north of the Colombian department of Antioquia. San Pablo mine is located 2 km south of the Segovia Project of Gran Colombia Gold Corp. and consists of vein type mineralization with over 3 kilometers of galleries in 5 levels along the vein, reaching 300 meters of depth and bearing N 5 degrees E direction and dipping 30 degrees SE. Underground channel sampling on the San Pablo vein was conducted on several segments located between levels 3 and 4 over an extension of 160 meters along strike and as high as 30 meters along dip. A total of 78 vein samples were taken along significant dip and strike lengths across average widths, yielding the following average grades 13.2 g/t Au, 7.4 g/t Ag across 0.66 meters, along 30 meters including 29.0 g/t Au, 14.8 g/t Ag across 0.52 meters, along 7 meters, 15.3 g/t Au, 10 g/t Ag across 0.52 meters, along 5 meters including 23.5 g/t Au, 13.7 g/t Ag across 0.58 meters, along 2.5 meters, 5.2 g/t Au, 4.4 g/t Ag across 0.86 meters, along 37 meters including 7.9 g/t Au, 6.5 g/t Ag across 0.85 meters, along 6.0 meters, 5.3 g/t Au, 4.5 g/t Ag across 0.74 meters, along 32 meters including 8.9 g/t Au, 7.0 g/t Ag across 0.65 meters, along 11.5 meters.

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