19:01:50 EDT Fri 19 Apr 2024
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or Name
USA
CA



Lomiko Metals Inc (2)
Symbol LMR
Shares Issued 86,725,191
Close 2020-07-17 C$ 0.03
Market Cap C$ 2,601,756
Recent Sedar Documents

Lomiko hires Kenmar to raise $40M to acquire projects

2020-07-17 18:17 ET - News Release

Mr. A. Paul Gill reports

LOMIKO METALS ENGAGES KENMAR SECURITIES AS EXCLUSIVE ADVISOR TO RAISE $ 40 MILLION CDN FOR ACQUISITION AND DEVELOPMENT OF CRITICAL METALS PROJECTS

Lomiko Metals Inc. has engaged Kenmar Securities LLC of New York to raise $40-million for the acquisition and development of critical metal projects. Kenmar Securities is a Delaware limited liability corporation, Securities and Exchange Commission-registered securities broker dealer, and a FINRA (Financial Industry Regulatory Authority) member.

The adviser will assist the company in analyzing its business, operations, properties, financial condition and prospects, prepare suitable marketing materials, contact any potential partner companies, and assist and advise the company with respect to the financial form and structure of any potential transaction.

"This year is the start of the electric vehicle revolution. Lomiko would like to become part of the battery material supply chain," stated A. Paul Gill, chief executive officer.

The company agrees that, should the company, or any affiliate of the company, consummate any transaction with a referral pursuant to this advisory agreement, from the effective date through a period lasting until the 24-month anniversary of the cancellation or termination of the advisory agreement, the company shall pay to the adviser, or cause the adviser to be paid, at the financing of such transaction, a success fee equivalent to 5 per cent of the gross proceeds raised from the transaction, which is equivalent to the total amount received or to be (and actually) received by the company, from one or more referrals. The adviser cannot be certain that any amount of financing will be made available by its referrals.

The payment of fees under any transaction is subject to regulatory approval.

We seek Safe Harbor.

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