Lomiko Metals To Close Second Tranche Of Financing

Lomiko Metals Inc. (“Lomiko”) (TSXV:LMR) announces it has received conditional approval from the TSXVenture Exchange and now will close a 2nd tranche and issue:

5,330,143 units at 14 cents for gross proceeds of $746,220.02. Each unit will comprise one common share and one share purchase warrant, with each whole warrant exercisable into one common share at a price of 20 cents for a period of two years from closing;
645,000 units at 16 cents for gross proceeds of $103,200. Each unit will comprised one flow-through common share and one-half share purchase warrant, with each whole warrant exercisable into one common share at a price of 26 cents for a period of two years from closing.

All securities will be subject to a four-month plus one day hold period from the closing. The issuance of the securities is subject to the final approval of the TSX-V.

Proceeds of the private placement will be used to complete further drilling at the La Loutre Property in the Refractory Zone in order to define a resource in compliance with 43-101 and for working capital.

For more information, review the website at www.lomiko.com, or contact A. Paul Gill at 604-729-5312 or by email

at: info@lomiko.com.

ON BEHALF OF THE BOARD

LOMIKO METALS INC.

Signed: “A. Paul Gill”

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.

Click here to connect with Lomiko Metals Inc. (TSXV:LMR)  to receive an Investor Presentation.

The post Lomiko Metals To Close Second Tranche Of Financing appeared first on Investing News Network.

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