VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov 7, 2018--Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) announces it has closed the 3 rd and final tranche of its private placement and will issue 12,400,000 units at $0.05 per unit for proceeds of $620,000. Each unit will be comprised of one share and one share purchase warrant, with each warrant exercisable at a price of $0.10 for a period of two years from closing. A finder’s fee of 10% cash has been agreed to be paid. Proceeds will be used for working capital. In total, the Company has raised $1,167,552
The securities to be issued pursuant to the 3 rd tranche will have a hold period expiring March 8, 2018. The closing of the transaction, the issuance of the securities and the payment of the finder’s fee is subject to the final approval of the TSX Venture Exchange.
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 this release.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181107005662/en/
CONTACT: Lomiko Metals Inc.
A. Paul Gill, 604-729-5312
President and Chief Executive Officer
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS PROFESSIONAL SERVICES FINANCE
SOURCE: Lomiko Metals Inc.
Copyright Business Wire 2018.
PUB: 11/07/2018 11:14 AM/DISC: 11/07/2018 11:14 AM