Vancouver BC - LOMIKO METALS INC. (TSX -V: LMR, OTC: LMRMF, FSE: DH8B) (the “Company”
# 4 3 9 - 7 1 8 4 1 2 0 t h S t r e e t , S u r r e y , B . C . V 3 W 0 M 6
June 27, 2013 TSX-V: LMR
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver BC - 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.
For more information, review the website at http://www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: [email protected]
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.