Mr. A. Paul Gill reports
LOMIKO CLOSES FINANCING
Lomiko Metals Inc. has closed its
private placement financing and has issued 3,171,500 units at 14 cents for gross proceeds of $444,010. Each unit is
composed of 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 one year from closing.
All securities have been issued having a hold period expiring May 11, 2018.
Proceeds of the private placement will be used for continued exploration and for working capital.
A. Paul Gill, a director and officer of the company, has participated for 500,000 units, and AJS Management Corp., a
company controlled by Mr. Gill, participated for 340,000 units.
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