Lomiko to Raise $300,000
September 26 2018 - 11:50PM
Business Wire
Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE:
DH8C) announces it will raise $300,000 through the sale of
6,000,000 units at $0.05 per unit. Each unit will be comprised of
one share and one share purchase warrant, with each warrant
exercisable into one share at a price of $0.10 for a period of two
years from closing date. A finder’s fee may be paid in accordance
with the policies of the TSX Venture Exchange.
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.
All securities will be subject to a four-month plus one day hold
period from the closing.
The issuance of the securities is subject to the final approval
of the TSX Venture Exchange.
The Company also wishes to amend the terms of its 382,500
outstanding options granted to directors and consultants of the
Company which were granted between 01-2014 and 09-2014, from $1.00
(post 1:10 rollback) to $0.05. All other terms remain the same. The
amendments to the options are subject of regulatory approval, and
shareholders’ approval for those granted to the “Insiders” of the
Company. The Company will obtain shareholder approval at the next
annual general meeting schedule for October 31, 2018.
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 BOARDLOMIKO 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 this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20180926006131/en/
Lomiko Metals Inc.A. Paul Gill604-729-5312info@lomiko.com
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