Lomiko Subsidiary Promethieus Technologies Inc. to List on the Dutch Caribbean Stock Exchange with Ticker DCSX: Tech
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August 6, 2020
LOMIKO SUBSIDIARY PROMETHIEUS TECHNOLOGIES INC. TO LIST ON THE DUTCH CARIBBEAN STOCK EXCHANGE WITH TICKER DCSX: TECH
(Vancouver, B.C.) Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) Lomiko Metals Inc. announces Promethieus Technologies Inc. (“Promethieus Tech”) intends to list on the Dutch Caribbean Stock Exchange (DCSX) via its Caribbean subsidiary Promethieus Ventures N.V (“Promethieus N.V.”).
The (DCSX) is a self-regulatory international exchange focused on the listing and trading of domestic and international securities. It is a stock exchange platform where companies can raise funding through a large network of global investors. The DCSX is focused on servicing start-ups as well as small and medium-sized enterprises. The DCSX is located in Curacao, a Lesser Antilles island country in the southern Dutch Caribbean region.
Promethieus will seek to raise up to 10 million USD to advance the projects currently underway. The listing agent for Promethieus Ventures N.V. is Amergeris Global Listing and Exchange Services. The company has requested and received the ticker symbol ‘TECH’ for Promethieus N.V.
Lomiko confirms that on July 31, 2019 it had entered into an agreement to sell it’s 100% interest in Lomiko Technologies Inc. to Promethieus Technologies Inc. (Canada) for $ 1,236,625 and subsequently provided an outline of reasons for the sale on November 25, 2019. Further, Lomiko Metals Inc. will be reimbursed $ 193,614.32 in expenses paid by Lomiko Metals on behalf of Promethieus Technologies Inc. This transaction was approved by shareholders of both Lomiko Metals Inc. and Promethieus Technologies Inc. (Canada). Lomiko Technologies Inc. is the owner of 18.15% of SHD Smart Home Devices Ltd. and 40% of Graphene Energy Storage Devices. Lomiko Metals Inc. was a founding shareholder of Promethieus Tech and currently owns 20% of that company. The transaction was reviewed by the applicable regulatory bodies. The transaction was considered a non-arms length transaction as Mr. A. Paul Gill is a Director and a significant shareholder of all the entities involved.
As announced December 3, 2018, Promethieus Technologies Inc. changed it’s mandate to focus on Future Tech investments and has reviewed investment opportunities in electric vehicle infrastructure, clean energy, the Internet of Things (IoT) as well as clean-tech and green tech materials related to these technologies.
For more information on Lomiko Metals, SHD Smart Home Devices or Promethieus, review the website at www.lomiko.com, www.shddevices.com and www.promethieus.com, contact A. Paul Gill at 604-729-5312 or email: [email protected].
On Behalf of the Board
“Jacqueline Michael”
Director, Chief Financial 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), or the DCSX accept responsibility for the adequacy or accuracy of this release.