Lomiko Retains 20% of Promethieus Cryptocurrency and Announces Seed Financing Round
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LOMIKO RETAINS 20% OF PROMETHIEUS CRYPTOCURRENCY AND ANNOUNCES SEED
FINANCING ROUND
(Vancouver, June 26, 2018) LOMIKO METALS INC. (TSXV:LMR) (OTC: LMRMF) (FSE: DH8 C)
(ISIN: CA54163Q1028) (WKN: A0Q9W7) (LEI: 529900GJP51V4HR9MN94) ("Lomiko" or "the
Company”) helped launch Promethieus Cryptocurrency Mining Corp ( “Promethieus”) in January,
2018. Promethieus has since engaged consultants as of April 6, 2018 News Release and planned
the organization and the inception of a UK public cash shell, done in parallel with a European seed
financing through a licensed broker/dealer.
During the May 23, 2018 meeting of the Board of Promethieus a final ow nership structure was
debated and confirmed based on input from regulators, consultants and tax and structure lawyers.
The final structure of Promethieus will have three shareholders which will be: Lomiko with 20%, Sat
Samra, Promethieus CEO will own 38% and A. Paul Gill, VP Business Development of
Promethieus and CEO of Lomiko will own 42% of common shares. It was further decided to create
a dual share structure with preferred shares. No preferred shares were issued at this time. In order
to fund the business strategy, the company plans to select a European Exchange to launch the
Initial Public Offering (“IPO”) and further shares issuances are anticipated when funds are raised.
Promethieus has assembled a proof of concept demonstrator called the Golden Goose Crypto Rig
for market validation and testing customer i nterest. 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.
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 electronics hardware associated
cryptocurrency mining.
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