Lomiko Metals Inc. Receives Approval for Remainder of Private Placement Financing
#439 7231 120th Street, Delta BC V4C 6P5 ● Ph: (778) 228-1170 ● Fax: (604)583-1932 ● Website: www.lomiko.com
NEWS RELEASE
June 28th, 2011 TSX: V.LMR
LOMIKO METALS INC. RECEIVES APPROVAL FOR REMAINDER OF PRIVATE PLACEMENT FINANCING
Vancouver, BC. - LOMIKO METALS INC. (TSX-V:LMR, OTC: LMRMF, Europe: ISIN:CA54163Q1028, WKN: A0Q9W7) June 28th, 2011. Lomiko Metals Inc. (the “Company”) is pleased to announce that the TSX Venture Exchange has approved the second and final tranche of its private placement financing previously announced April 4th, 2011. In this round of financing, the Company raised $68,000 through the sale of 850,000 units (“Units”) at a price of $0.08 per Unit, each unit consisting of one common share and one-half warrant exercisable for two years at $0.12. The securities have now been issued having a hold period expiring October 29th, 2011. Altogether, the Company raised a total of $300,000 through the sale of 3,750,000 Units.
The net proceeds of the offering will be used for working capital purposes.
For more information, please contact Paul Gill at 604-729-5312 Email: [email protected]. Website: www.lomiko.com.
On behalf of Lomiko Metals Inc.
Paul Gill President & CEO
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.