Lomiko Metals Reports Service of Civil Claim

Lomiko Metals Inc. (TSXV:LMR,OTC Pink:LMRMF,FWB:DH8B) was served with a notice of civil claim by Alpha Capital Anstalt. The claim was filed in the Supreme Court of British Columbia on August 6, 2014.

As quoted in the press release:

The action is in connection with a contractual dispute arising out of a subscription agreement and ratchet agreement between the Company and Alpha Capital. In the action, Alpha Capital seeks damages or, in the alternative, issuance of 3,333,333 common shares and a reduction in the warrant excise price for a further 5,000,000 common shares to $0.06 per share, as well as other ancillary relief. The Company intends to vigorously defend itself against this action.

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