Lomiko Receives LOI FOR CDN. $5 Million Loan from Private European Firm
#439, 7184 120th Street, Surrey, BC, V3W 0M6● Ph: (778) 228-1170 ● Fax: (604) 583-1932 ● Website: www.lomiko.com
LOMIKO RECEIVES LOI FOR CDN. $5 MILLION LOAN FROM PRIVATE EUROPEAN FIRM
(Vancouver, April 26, 2018) LOMIKO METALS INC. (TSXV: LMR) (OTC: LMRMF) (FSE: DH8C)
(ISIN: CA54163Q1028) (WKN: A0Q9W7) (LEI: 529900GJP51V4HR9MN94) ("Lomiko" or "the
Company”) has signed an agreement with an undisclosed private lender in Europe for a $5 million CDN
convertible loan, subject to TSX Venture approval. Upon approval, the loan shall be disbursed via a secured
and authorized financial intermediary facility provider appointed with the consent of both parties.
The use of proceeds for the loan would be the completion of drilling, resource, metallurgy, graphite
characterization and Pre-Economic Assessment (PEA) and estimated completion of 100% purchase of the
La Loutre Property.
After completion of the work on the property, Lomiko will seek further equity funding to re-pay the loan in
its entirety and/or seek additional funding structures for pre-feasibility and feasibility studies. The loan will
bear interest on all amounts outstanding, at a fixed annual interest rate of 4.0%, payable on a yearly basis.
The first interest payment is due April 25, 2019. All, or part of the loan principal, may be convertible to
common shares at $0.50 CDN per share at the end of the loan period, only when such conversion does not
create an equity position of greater than 20% of the Company’s issued shares. The investor has no intention
of seeking a controlling interest or change of directors or management. At the time of conversion, if the
Lender becomes an Insider of the Company, all applicable TSX Venture filings will be completed.
The agreement is not considered a binding agreement on either party until a transfer of funds has been
approved and completed.
The loan will rank senior to all other indebtedness of company. Further, the tangible and intangible assets of
the company, including receivables, ownership of subsidiaries, and intellectual property, are considered
secondary security.
The transaction is subject to the approval of the TSX Venture Exchange and the Lomiko Board of Directors.
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 Venture Exchange) accepts responsibility for the adequacy or accuracy of this release