Lomiko To Raise $186,558

- May 25th, 2018

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.

Financing

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.

Loan Update

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: info@lomiko.com.

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.

Click here to connect with Lomiko Metals Inc. (TSXV:LMR) for an Investor Presentation.

Get the latest Blockchain Investing stock information

Get the latest information about companies associated with Blockchain Investing Delivered directly to your inbox.

Blockchain Investing

Select All
Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time

Tags

Leave a Reply

Your email address will not be published. Required fields are marked *