LOMIKO TO BE REINSTATED FOR TRADING ON TSX VENTURE AND ANNOUNCES $1,760,000 RAISE
Lomiko Metals Inc. has been successful in its reinstatement application with the TSX Venture Exchange and trading will begin at the opening on Tuesday, March 20, 2018.
Financing
The company will raise $1.26-million through the sale of nine million flow-through units at 14 cents per unit. Each flow-through unit will comprise one share and one-half share purchase warrant, with each whole warrant exercisable into one share at a price of 20 cents for a period of one year from closing date.
In addition, the company will issue five million units at 10 cents 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 20 cents 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 National Instrument 43-101 and for working capital.
The issuance of the securities is subject to the final approval of the TSX-V.
For more information, please contact 604-729-5312 or email: info@lomiko.com. Website: www.lomiko.com
On Behalf of Lomiko Metals Inc,
“A. Paul Gill”
A. Paul Gill
President & CEO
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.
