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Lomiko Metals Inc. (TSXV:LMR,OTC:LMRMF) announced that it has entered into an agreement with Secutor Capital Management Corporation to finance a private placement of up to $500,000 through the sale of up to 7,142,857 flow-through units of the Company priced at $0.07 per unit.
As quoted in the press release:
LOMIKO METALS INC. (TSX-V:LMR, OTC: LMRMF, Europe: ISIN: CA54163Q1028, WKN: A0Q9W7,) (“Lomiko” or “the Company) wishes to announce that it has entered into an agreement with Secutor Capital Management Corporation (“Secutor”) to finance a private placement of up to $500,000 through the sale of up to 7,142,857 flow-through units of the Company priced at $0.07 per unit. Each flow-through unit will consist of one flow-through common share and one half of one transferable non-flow-through share purchase warrant, each full warrant being exercisable at a price of $0.14 for a period of 12 months after the closing date
The Company has agreed to pay a cash commission to Secutor of 9% of the gross proceeds raised under the Offering and will also issue non-transferable warrants (the “Broker’s Warrants”) equal to 4% of the total number of Flow-Through Shares sold under the Offering. Each Broker’s Warrant will entitle the holder to purchase one common share at a price of CDN $0.14 for a period of 12 months following the closing date.
The financing is subject to regulatory approval.
For more information, please contact Paul Gill at 604-729-5312
Email: info@lomiko.com. Website: www.lomiko.com.
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