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Lomiko Metals Inc. (TSXV:LMR) closed the previously announced public offering in connection with the short form prospectus of the Company dated March 6, 2014. 26,584,180 units of the Company were sold at a price of $ 0.11 per Unit and 4,627,000 units of the Company were sold at a price of $0.13 per Flow-Through Unit.
Lomiko Metals Inc. (TSXV:LMR) closed the previously announced public offering in connection with the short form prospectus of the Company dated March 6, 2014. 26,584,180 units of the Company were sold at a price of $ 0.11 per Unit and 4,627,000 units of the Company were sold at a price of $0.13 per Flow-Through Unit.
As quoted in the press release:
Each Unit consists of one common share of the Company (each, a “Common Share”) and one-half of one common share purchase warrant (each whole warrant being a “Unit Warrant”). Each Flow-Through Unit consists of one Common Share to be issued on a “flow-through” basis within the meaning of the Income Tax Act (Canada) (each a “Flow-Through Share”) and one-half of one common share purchase warrant (each whole warrant being a “Flow-Through Unit Warrant”).
Each Unit Warrant entitles the holder thereof to purchase one common share of the Company (the “Unit Warrant Shares”) at a price of $0.15 per Unit Warrant Share at at any time before the date that is 18 months following the closing date of the Public Offering. Each Flow-Through Unit Warrant entitles the holder thereof to purchase one common share of the Company (the “Flow-Through Unit Warrant Shares”) at a price of $0.20 per Flow-Through Unit Warrant Share at at any time before the date that is 18 months following the closing date of the Public Offering.
Click here to read the Lomiko Metals Inc. (TSXV:LMR) press release
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