(via Thenewswire.ca)
Lomiko Metals Inc. (TSX-V: LMR; OTC: LMRMF; FSE: DH8B, Europe: ISIN:
CA54163Q1028, WKN: A0Q9W7) (the "Company" or
"Lomiko") announces a private placement to raise up to
$700,000 from eligible participants through the sale of up to
7,000,000 units of the Company at a price of $0.10 per unit. The units
will consist of one common share and one warrant exercisable for one
year at $0.15.
The Company has agreed to pay a cash finder's fee of 10%. The net
proceeds of the financing will be used for exploration of the Quatre
Milles Property in Quebec and for general working capital. Any shares
issued will be subject to a four month hold period.
The above financing is subject to Exchange approval.
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
"A. Paul Gill"
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.
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