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Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FWB:DH8B) announced that it will transfer its shares in Graphene ESD to its new subsidiary, Lomiko Technologies.
As quoted in the press release:
On February 23, 2015, Graphene ESD signed a research agreement with the Research Foundation of Stony Brook University (SBU) (link). Graphene ESD Corp. will partner with the SBU Center for Advanced Sensor Technologies (Sensor CAT) to develop new supercapacitors designs for energy storage. As a result of this new development, Graphene ESD will not seek to raise further funds through an IPO.
In order to better organize the company’s assets, Lomiko Metals Inc. will transfer its shares in Graphene ESD to its 100%-owned subsidiary Lomiko Technologies. Lomiko is currently considering various options to launch Lomiko Technologies that would best reward shareholders. The priority is to minimize disruption of the progress, current work and momentum of the two companies.
Click here to read the Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FWB:DH8B) press release
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