Lomiko Closes Third and Final Tranche of Financing for $205,870
#439, 7184 120th Street, Surrey, BC, V3W 0M6● Ph: (778) 228-1170 ● Fax: (604) 583-1932 ● Website: www.lomiko.com
September 7, 2016 TSX-V: LMR
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
LOMIKO CLOSES THIRD AND FINAL TRANCHE OF FINANCING FOR $205,870
(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 3rd and final tranche of the private placement originally announced June 20, 2016 for (i) 263,400 flow-through units at a price of $0.05 per FT Unit, each FT Unit consists of one flow-through common share and one warrant exercisable for 36 months at $0.075; and (ii) 4,817,500 Units at a price of $0.04 per Unit, each Unit consists of one common share and one warrant exercisable for a period of 18 months from closing at an exercise price of $0.05.
The securities will be issued having a hold period of four months and one day from issuance. The net proceeds of $205,870 will be $15,000 audit fees; $10,000 transfer agent fees; $15,000 annual general meeting fees; $7,700 filing fees, $15,000 legal fees; $120,000 market making; $10,000 repayment of loan; and $13,170 unallocated working capital.
A. Paul Gill, the President and a director of the Company participated as to 1,250,000 Units.
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.