LOMIKO INVESTMENT PROMETHIEUS VENTURES N.V. TO LIST ON THE DUTCH CARIBBEAN STOCK EXCHANGE WITH TICKER DCSX: TECH
August 06 2020 - 8:00AM
Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE:
DH8C) Lomiko Metals Inc. announces that it’s participation of
20 % in Promethieus Technologies Inc. (“Promethieus Tech”) will be
exchanged for 20 % equity in a new to be formed entity Promethieus
Ventures N.V. (“Promethieus N.V.”).which intends to list on the
Dutch Caribbean Securities Exchange (DCSX) N.V
The (DCSX) is a self-regulatory international exchange focused
on the listing and trading of domestic and international
securities. It is a securities exchange platform where companies
can raise funding through a large network of global investors. The
DCSX is focused on servicing start-ups as well as small and
medium-sized enterprises. The DCSX is located in Curacao, a
Lesser Antilles island country in the southern Dutch Caribbean
region.
Promethieus N.V. will seek to raise up to 10 million USD to
advance the projects currently underway. The listing agent for
Promethieus N.V. is Amergeris Global Listing and Exchange
Services. The company has requested and received the ticker
symbol ‘TECH’ for Promethieus N.V.
Lomiko confirms that on July 31, 2019 it had entered into
an agreement to sell it’s 100% interest in Lomiko Technologies Inc.
to Promethieus Technologies Inc. (Canada) for $ 1,236,625 in return
for a 20 % equity participation in Promethieus Tech. Lomiko
subsequently provided an outline of reasons for the sale on
November 25, 2019. Further, Lomiko will be reimbursed $
193,614.32 in expenses paid by Lomiko on behalf of Promethieus
Tech. This transaction was approved by shareholders of both
Lomiko Metals Inc. and Promethieus Tech Lomiko Technologies
Inc. is the owner of 18.15% of SHD Smart Home Devices Ltd. and 40%
of Graphene Energy Storage Devices. Lomiko was a founding
shareholder of Promethieus Tech and currently owns 20% of that
company. The transaction was reviewed by the applicable
regulatory bodies. The transaction was considered a non-arms
length transaction as Mr. A. Paul Gill is a Director and a
significant shareholder of all the entities involved.
As announced December 3, 2018, Promethieus Technologies Inc.
changed it’s mandate to focus on Future Tech investments and has
reviewed investment opportunities in electric vehicle
infrastructure, clean energy, the Internet of Things (IoT) as well
as clean-tech and green tech materials related to these
technologies.
For more information on Lomiko Metals, SHD Smart Home Devices or
Promethieus, review the website at www.lomiko.com,
www.shddevices.com and www.promethieus.com, contact A. Paul Gill at
604-729-5312 or email: info@lomiko.com.
On Behalf of the Board
“Jacqueline Michael”
Director, Chief Financial 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), or the DCSX accept responsibility for the
adequacy or accuracy of this release.
A. Paul Gill
Lomiko Metals Inc. (TSX-V: LMR)
6047295312
apaulgill@lomiko.com
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