Lomiko Elects to Convert Preferred Shares of Graphene 3D Lab to Common Shares
March 25, 2014 (Source: Marketwired) — LOMIKO METALS INC. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B)(Europe: ISIN:CA54163Q1028, WKN:A0Q9W7) (“Lomiko” or the “Company”) has elected to convert 250,000 of its Preferred Shares in Graphene 3D Lab, Inc. acquired on November 22, 2013, to 250,000 Common Shares at a par value of 0.0001USD each. Lomiko is pleased with the rapid development of Graphene 3D Lab.
3D printing — or additive manufacturing — is the process of creating a three-dimensional, solid object from a digital file, of virtually any shape. 3D printing is achieved using an additive process, whereby successive layers of material are laid down and create different shapes.
“For Additive Manufacturing to become adopted, we need better materials,” stated Paul Gill, CEO of Lomiko Metals. “Novel materials based on graphene open new markets for natural graphite; these new markets are expanding at an extraordinary rate. We are happy to participate in the development of this disruptive technology.”
Adding graphene to polymers, which are conventionally used in 3D printing, improves the properties of the polymer in many different ways; it improves the polymers mechanical strength as well as its electrical and thermal conductivity.
New developments in 3D printing will allow for the creation of products with different components, such as printed electronic circuits, sensors, or batteries to be manufactured. 3D Printing is a new and promising manufacturing technology that has garnered much interest, growing from uses in prototyping to everyday products. Today, it is a billion dollar industry growing at a brisk pace.
Graphene 3D Labs Inc. Background
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Graphene 3D Laboratories Inc a spin-out of Graphene Laboratories Inc, focuses on development of high-performance graphene-enhanced materials for 3D Printing.
Lomiko Metals Inc. Background
Lomiko Metals Inc. is a Canada-based, exploration-stage company. The Company is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy. Its mineral properties include the Quatre Milles Graphite Property and the Vines Lake property which both have had recent major discoveries.
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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