​Lomiko (LMR:CA) to Be Reinstated For Trading on TSX Venture and Announces $1,760,000 Raise

Spotlight Companies |

Lomiko Metals Inc. (LMR:CA) has been successful in its reinstatement application with the TSX Venture Exchange and trading will begin at the opening on Today, March 20, 2018.

Financing

The company will raise $1.26-million through the sale of nine million flow-through units at 14 cents per unit. Each flow-through unit will comprise one share and one-half share purchase warrant, with each whole warrant exercisable into one share at a price of 20 cents for a period of one year from closing date.

In addition, the company will issue five million units at 10 cents per unit. Each unit will consist of one common share and one-half purchase warrant, with each whole warrant exercisable into one common share at a price of 20 cents for a period of one year from the closing date.

All securities will be subject to a four-month-plus-one-day hold period from the closing. A finder's fee may be paid in accordance with the policies.



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

The issuance of the securities is subject to the final approval of the TSX-V.

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

Companies

Symbol Name Price Change % Volume
LMR:CA Lomiko Metals Inc. 0.05 0.00 0.00 4,825

Comments

Emerging Growth

GTX Corp

GTX Corp, along with its subsidiaries, is engaged in design, development, manufacturing, distribution and sales of products and services in the GPS and BLE wearable technology personal location and wandering…

Private Markets

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…

Voleo

Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…