Lomiko Investment Promethieus Cryptocurrency Mining Outlines Plan To Go Public
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Lomiko Investment Promethieus Cryptocurrency Mining Outlines Plan To Go Public
(Vancouver, April 6, 2018) LOMIKO METALS INC. (TSXV:LMR) (OTC: LMRMF) (FS E: DH8C)
(ISIN: CA54163Q1028) (WKN: A0Q9W7) (LEI: 529900GJP51V4HR9MN94) ("Lomiko" or "the
Company”) has engaged Isatis Capital Partners ("Isatis") to plan the organization and the inception
of a UK public cash shell, done in parallel with a European fin ancing through a licensed
broker/dealer for Promethieus Cryptocurrency Mining Corp (Promethieus). Following this, the
company plans to select a European Exchange. Lomiko has an opti on to increase its position in
Promethieus Cryptocurrency Mining Corp. previous to the Reverse Tale Over (RTO) with the UK
shell if funds are required for operational reasons. Lomiko cu rrently owns a 25% equity stake in
Promethieus as well as a 25% equity interest in SHD Smart Home Devices, which also owns 25%
of Promethieus.
The scope of the Isatis mandate in volves two activities, namely : (1) the organization,
implementation, clearing with securities regulator and the floating on a Multilateral Trading Facility
(MTF) of a Public Limited Company (PLC) organized under the Companies Act, 2006 of the United
Kingdom and (2) canvassing and introducing through a licensed b roker/dealer to European
sophisticated and institutional investors the proposed venture to be amalgamated in the cash shell
with the aim to carry out a priva te placement concurrently with the floating of the ordinary shares
of the PLC on a MTF regulated under the Markets and Financial Instruments Directive (MiFID).
Promethieus has assembled a proof of concept demonstrator called the Golden Goose Crypto Rig
for market validation and testing customer interest. The concep t was well received at a recent
Vancouver economic summit. The overwhelming response has set th e stage for both consumer
and enterprise sales such as cent ralized Mining Farm operations. Configuration of a lower power
home and/or office cryptocurrency mining rig called the Golden Goose II for individual consumers
seeking to participate in cryptocurrency mining has been added to the product roadmap to support
the increased market interest. Both rigs are fully operational and have been actively mining since
December 2017. The enterprise and consumer Golden Goose Crypto Rigs will be further optimized
for production to benefit from volume buying cost reduction post funding.
The current Promethieus team has expertise in power management hardware and is developing
power management systems to reduce power consumption, increase longevity and maximize
hardware operating efficiency for high cost, power hungry elect ronics hardware associated
cryptocurrency mining. Further, the client has established rela tionships with owners of several
facilities and has a rollout plan to rapidly increase mining capabilities based on available capital.
For more information, please contact 604-729-5312 or Email: [email protected]
Website: lomiko.com.
On behalf of Lomiko Metals Inc,
"A. Paul Gill"
A. 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 V enture Exchange) accept s responsibility for the
adequacy or accuracy of this release