TomaGold Corp. agreed to acquire Skyharbour Resources Ltd.'s interest in the Baird gold property in Ontario in exchange for 600,000 TomaGold shares.

According to a Sept. 29 release, TomaGold will own a 24.5% interest in the Baird property, with New Gold Inc. holding a 24.5% stake, and Goldcorp Inc. acting as operator and owning the remaining 51% interest.

The property is subject to a 2.0% net smelter return royalty.

Baird lies in the central Red Lake gold belt, 14 kilometers southwest of Goldcorp's Red Lake gold mine.