EDITOR: | June 27th, 2013 | 1 Comment

Lomiko Metals Closes $500,000 Flow-Through Private Placement

| June 27, 2013 | 1 Comment
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Lomiko-Metals-200x125June 27, 2013 — (Source: Lomiko Metals Inc) — LOMIKO METALS INC. (TSX-V: LMR, OTC: LMRMF, FSE: DH8B) (the “Company” or “Lomiko”) is pleased to announce that regulatory approval has been received and the Company has closed the private placement as originally announced on June 26, 2013. The offering consisted of the sale of 7,142,857 flow-through units of the Company (the “Units”) at a price of $0.07 per Unit. Each Unit consists of one flow-through common share of the Company and one-half common share purchase warrant (a “Warrant”). Each whole Warrant is exercisable into one common share of the Company for a period of 12 months from closing at an exercise price of $0.14. The securities have been issued having a hold period expiring October 28, 2013.

Secutor Capital Management Corporation received a cash fee of $44,999.99, settlement fees of $5,650 and was issued a warrant for the right to purchase up to 285,714 shares for one year at $0.14.

The funds raised from the issuance of the flow-through shares shall be expenses described in paragraphs (a) through (d) of the definition of “flow-through mining expenditures” in subsection 127(9) of the Income Tax Act (Canada) on the Company’s Quatre-Milles Graphite property in Quebec.

On Behalf of the Board

Signed: “A. Paul Gill”

A. Paul Gill, Chief Executive Officer

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.


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


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    […] increased +19.27% in the US. Lomiko’s latest news release was less than 6 weeks when Lomiko announced it had closed a $500,000 flow-through private placement. The funds are being utilized for […]

    August 14, 2013 - 11:51 AM

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