March 19, 2018 TSX-V: LMR
LOMIKO TO BE REINSTATED FOR TRADING ON TSX VENTURE AND ANNOUNCES $1,760,000 RAISE
(Vancouver, B.C.) Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) announces it has been successful in its reinstatement application with the TSX Venture Exchange and trading will begin at the opening on Tuesday, March 20, 2018.
The Company also announces that it will raise $1,260,000 through the sale of 9,000,000 Flow-Through units at $0.14 per unit. Each FT unit will be comprised of one share and one-half share purchase warrant, with each whole warrant exercisable into one share at a price of $0.20 for a period of one year from closing date.
In addition, the Company will issue 5,000,000 units at $0.10 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 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 43-101, and for working capital.
The issuance of the securities is subject to the final approval of the TSX Venture Exchange.
For more information, review the website at www.lomiko.com, or contact A. Paul Gill at 604-729-5312 or by email at: email@example.com.
ON BEHALF OF THE BOARD
LOMIKO METALS INC.
Signed: “A. Paul Gill”
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.
photo credit: Lomiko Metals