Lomiko Metals Inc. (“Lomiko”) (TSXV:LMR). The Company announces that it will raise $186,558 through the sale of 1,865,580 units at $0.10 per unit.
Lomiko Metals Inc. (“Lomiko”) (TSXV:LMR). The Company announces that it will raise $186,558 through the sale of 1,865,580 units at $0.10 per unit. Each unit will consist of one common share and one-half purchase warrant, with each whole warrant exercisable into one common share at a price of $0.20 for a period of one year from the closing date.
All securities will be subject to a four-month plus one day hold period from the closing. A finder’s fee may be paid in accordance with the policies.
Proceeds will be used to complete further exploratory work at the La Loutre Property in the Refractory Zone in order to define a resource in compliance with 43-101, and for working capital.
The issuance of the securities is subject to the final approval of the TSX Venture Exchange.
Further to the Company’s press release dated April 26, 2018, the Company advises that it will not be proceeding with the $5,000,000 CDN convertible loan. The company will continue with discussions with various potential partners for the funding of La Loutre Exploration and Pre-economic Assessment.
For more information, review the website at www.lomiko.com, or contact A. Paul Gill at 604-729-5312 or by email at: firstname.lastname@example.org.
ON BEHALF OF THE BOARD
LOMIKO METALS INC.
A. Paul Gill,
President and Chief Executive Officer
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.