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Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FSE:DH8B) announced a private placement to offer up to 10,000,000 flow-through units of the Company at a price of $0.05 per FT Unit.
Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FSE:DH8B) announced a private placement to offer up to 10,000,000 flow-through units of the Company at a price of $0.05 per FT Unit.
The funds raised from the issuance of the FT Units shall be used for general exploration and/or development expenditures which will qualify as expenses under paragraph 66 (12.66) (b) of the Income Tax Act (Canada) on the Company’s property located in Quebec. The proceeds of the Unit financing will primarily be used to repay outstanding loans and working capital.
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