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Lomiko Metals Inc (2)
Symbol LMR
Shares Issued 32,047,073
Close 2018-01-10 C$ 0.205
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Lomiko closes private placement for $444,010

2018-01-10 18:25 ET - News Release

Mr. A. Paul Gill reports


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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