VANCOUVER, British Columbia–(BUSINESS WIRE)–$ALB #BMW–Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C)
announces it has closed the 3rd 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 3rd 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
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
Lomiko Metals Inc.
A. Paul Gill, 604-729-5312
and Chief Executive Officer