Lomiko to Roll Back One for Ten, December 19th, 2016

 
Effective Dec. 19, 2016, at market open, Lomiko Metals Inc.(TSXV:LMR,,OTCQX:LMRMF,FSE:DH8B) will consolidate its common shares on the basis of one new post-consolidation common share for every 10 preconsolidated common shares. The Company’s common shares began trading on a post-consolidated basis on the TSX Venture Exchange on December 19, 2016.
As a result of the consolidation, the Company’s outstanding 186,673,910 common shares were reduced to 18,667,391 common shares. No fractional shares will be issued. Any fractions of a share will be rounded to the nearest whole number of common shares. The Company’s name and trading symbol will remain unchanged. The consolidation was approved by the directors of the Company on December 9, 2016 and accepted by the TSX Venture Exchange on December 16, 2016.
Registered shareholders will be required to exchange their share certificates representing pre-consolidation common shares for new share certificates representing post-consolidation common shares. Registered shareholders will be sent a transmittal letter from the Company’s transfer agent, Computershare Investor Services Inc., as soon as practicable after the effective date of the consolidation. The letter of transmittal will contain instructions on how certificate(s) representing pre-consolidation shares may be surrendered to Computershare Investor Services Inc. The transfer agent will forward to each registered shareholder who has provided the required documents a new share certificate representing the number of post-consolidation common shares to which the shareholder is entitled. Until surrendered, each certificate representing pre-consolidation common shares of the Company will be deemed for all purposes to represent the number of whole post-consolidation common shares to which the holder is entitled as a result of the consolidation.
It is the opinion of the Board of Directors of the Company the consolidation will facilitate any new equity investment in the Company.
Click here to connect with Lomiko Metals Inc. (TSXV:LMR,,OTCQX:LMRMF,FSE:DH8B) to receive an Investor Presentation.