​Lomiko (LMR:CA) Closes Financing to Fund La Loutre Drilling Campaign

Spotlight Companies  |

Lomiko Metals Inc. (LMR:CA) has received conditional approval from the TSX Venture Exchange and will close an issue of 3,171,500 units at 14 cents for gross proceeds of $444,010. Each unit will be composed of one common share and one share purchase warrant, with each whole warrant exercisable into one common share at a price of 20 cents for a period of one year from closing.

All securities will be subject to a four-month-plus-one-day hold period from the closing.

Proceeds of the private placement will be used to complete further drilling at the La Loutre property in the Refractory zone to define a resource in compliance with National Instrument 43-101 and for working capital.

A. Paul Gill, a director and officer of the company, has participated for 500,000 units, and AJS Management Corp., a company controlled by Mr. Gill, participated for 340,000 units.

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. 0.05 0.00 0.00 10,400



Symbol Last Price Change % Change










World Economic Forum at Davos 2019 - Frank Ricotta CEO BurstIQ

Matt Bird sits down with Frank Ricotta, CEO BurstIQ, at the World Economic Forum at Davos 2019

Emerging Growth

Investview Inc

Investview Inc is an investor technology and education company. It provides products that allow the individual investor to find, analyze, track, and manage their portfolio.