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