Quinto Resources Inc (QIT) News

David Grondin, president and chief executive officer of TomaGold, told Kitco News during a telephone interview that he and the company are always looking for more opportunities.


“We’re still looking at opportunities. If I can pull the trigger on a deal or a takeover merger or a larger transaction, why not, but it needs to make sense,” Grondin said. “I think that will be the trend in 2014. Some companies, they’re dying right now so they might be looking into doing something more at the corporate level so we will be listening and looking around.

http://www.forbes.com/sites/kitconews/2014/01/07/tomagold-open-for-more-ma-after-iamgold-agreement-ceo/

Financial information

TSX Venture Exchange

Symbol: QIT
Registrar and transfer agent: Computershare
Bank: Scotia Bank
Legal counsel:
Auditors: Seguin Racine, Attorneys
Petrie Raymond, LLP

Capital structure

Shares outstanding: 10,849,998
Options: 420,000 exercisable at $0.10 per share

Quinto Announces its Strategy for 2014


MONTREAL, QUEBEC--(Marketwired - March 12, 2014) - Quinto Real Capital Corporation (TSX VENTURE:QIT) ("Quinto" or the "Company") is pleased to announce its strategy for 2014. The Company owns interests in promising projects, including a 10% interest in the Monster Lake property, owned by TomaGold Corporation and under option by IAMGOLD Corporation, and 4,000,000 shares of Perisson Petroleum Corporation, an oil and gas exploration company.

Monster Lake Property

The Company holds a 10% interest in TomaGold Corporation's Monster Lake property. In November 2013, IAMGOLD Corporation signed an option agreement with TomaGold to acquire a 50% interest in the Monster Lake, Winchester and Lac à l'eau jaune properties for $17.575 million, including $16 million in exploration and $1.575 million in payments over five years. Once IAMGOLD has acquired its 50% interest, the interests of TomaGold and Quinto will be diluted proportionately such that TomaGold and Quinto hold interests of 45% and 5%, respectively, in the Monster Lake property.

On February 27, 2014, TomaGold announced that IAMGOLD had started drilling on the Monster Lake property. This initial program of at least 6,000 metres of drilling mainly targets the 325 and Mégane zones, but will also test other drill targets identified by the high resolution airborne magnetic survey conducted in early February.


http://www.juniorminingnetwork.com/junior-miner-news/news-releases/2039-tsx-venture/qit/25793-quinto-announces-its-strategy-for-2014.html#.UyJ0NvmwKms