Lomiko Closes 2nd Tranche of Private Placement

Spotlight News  |

Lomiko Metals Inc.  (LMR:CA/)LMRMF has closed the second tranche of its private placement and will issue 5.89 million units at five cents per unit for proceeds of $294,500. Each unit will comprise one share and one share purchase warrant, with each warrant exercisable at a price of 10 cents for a period of two years from closing. A finder's fee of 7 per cent in cash and 7 per cent in warrants has been agreed to be paid/issued. Proceeds will be used for working capital.

Due to overwhelming demand, the company will be seeking approval to increase this financing for a third tranche to raise an additional $450,000. In total, the company anticipates it will raise $1-million.

The securities to be issued pursuant to the second tranche will have a hold period expiring Feb. 11, 2019. The closing of the transaction, the issuance of the securities and the payment of the finder's fee are subject to the final approval of the TSX Venture Exchange.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd.

In the interest of full disclosure, we call the reader's attention to the fact that Equities.com, Inc. is compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way be considered as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by Equities.com to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Symbol Name Price Change % Volume
LMR:CA Lomiko Metals Inc. 0.07 0.01 8.33 312,837
LMRMF Lomiko Metals Inc Ord 0.05 0.01 15.40 5,000



Symbol Last Price Change % Change










Can the Media Solve the Partisan Conflict?

Andrew McCarthy, Contributing Editor, The National Review; Michael Zeldin, CNN Legal Analyst; Celeste Katz, Senior Political Reporter, Glamour; Silvia Davi, SVP, Contributing Editor, Equities.com; and Doug Simon, CEO, D S Simon Media discuss how the media’s role has shaped the landscape for communicators and what the media is trying to do to reduce discord in society.