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Lomiko Receives $110,000 Loan from Graphene ESD
Nov. 06, 2015 07:51AM PST
Emerging Technology Investing
Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FSE:DH8B) announced it’s wholly owned subsidiary, Lomiko Technologies Inc., has received a loan in the amount of $110,000 from Graphene ESD Corp.
Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FSE:DH8B) announced it’s wholly owned subsidiary, Lomiko Technologies Inc., has received a loan in the amount of $110,000 from Graphene ESD Corp.
As quoted in the press release:
Lomiko Technologies and Graphene have collaborated with the Research Foundation of Stony Brook University, New York, to investigate novel, energy-focused applications for graphene through Graphene ESD. Under this collaboration, the company invested $200,000 and has a 40-per-cent interest in this venture.
Lomiko will use the funds to manufacture and market the USB Spider Charger and LED Driver electronic gadgets (both licensed products from Megahertz Power Systems), and also for general working capital. For more information, refer to the company’s news release dated Nov. 3, 2015, filed on SEDAR.
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