Lomiko Closes Second Tranche of Financing for $100,000
#439, 7184 120th Street, Surrey, BC, V3W 0M6● Ph: (778) 228-1170 ● Fax: (604) 583-1932 ● Website: www.lomiko.com
July 20, 2016 TSX-V: LMR
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
LOMIKO CLOSES SECOND TRANCHE OF FINANCING FOR $100,000
(Vancouver, B.C.) Lomiko Metals Inc. (TSX-V: LMR; OTC: LMRMF; FSE: DH8B, Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the "Company" or "Lomiko") announces it has received regulatory approval and closed the 2nd tranche of the private placement announced June 20, 2016 for 2,500,000 units of the Company (the “Units”) at a price of $0.04 per Unit. Each Unit consisted of one common share and one share purchase warrant exercisable for 18 months at $0.05.
The securities have now been issued having a hold period expiring November 20, 2016. The net proceeds of the financing will be used as follows: $35,000 audit fees; $15,000 transfer agent fees; $30,000 annual general meeting fees; $8,000 regulatory filing fees, and $12,000 legal fees.
The Company continues to accept subscriptions and anticipates closing a third tranche in the two weeks.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements
For more information, review the website at www.lomiko.com, or contact A. Paul Gill at 604-729-5312 or by email at: [email protected].
ON BEHALF OF THE BOARD LOMIKO METALS INC.
Signed: “A. Paul Gill”
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.