Lomiko Metals Receives Short Form Prospectus

Lomiko Metals Inc. (TSXV:LMR) received a final receipt for its short form prospectus in each of the provinces of British Columbia, Alberta and Ontario. The Prospectus qualifies the distribution of (i) a minimum of 6,818,182 units (the “Units”) and a maximum of 27,272,727 Units of the Company at a price of $0.11 per Unit, and (ii) a maximum of 7,692,308 flow-through units of the Company at a price of $0.13 per Flow-Through Unit, for minimum total gross proceeds of $750,000 and maximum total gross proceeds of $4,000,000.

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”).

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