Lomiko Metals Inc. (LMR: CA) has arranged a private placement to offer up to two million units of the company at a price of 25 cents per unit. Each unit shall consist of one common share and one share purchase warrant exercisable for 24 months at 50 cents.
The proceeds of the unit financing will primarily be used to complete option payments, repay loans and working capital. Closing of the financing is subject to receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange. The securities issued will be subject to a standard four-month-plus-one-day hold period.
A finder’s fee will be payable by the company in accordance with the rules of the TSX Venture Exchange.
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.