Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF) announced that it has received approval from the TSX Venture Exchange to acquire 1.2 million common shares of MatNic Resources Inc. priced at $0.25 per share.
As quoted in the press release:
The transaction was subject to MatNic Resources receiving regulatory approval to a reverse takeover by Graphene 3D Labs Inc. (formerly named MatNic Resources Inc.).
The transaction is now complete, and the company now holds 4,396,970 common shares in the capital of Graphene 3D representing approximately 11.23 per cent of the outstanding shares of Graphene 3D. Of these shares, 3,196,970 were acquired at a deemed price of 7.5 cents pursuant to a securities exchange agreement dated June 6, 2014, between, among others, Graphene 3D and Lomiko.