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Lomiko Metals (TSXV: LMR) announced a Private Placement

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Lomiko Metals which is focused on the exploration and development of minerals for the new green economy, such a lithium and graphite, announced a private placement.

Additional Information:

Company: Lomiko Metals
Website: http://www.lomiko.com
Stock Symbol: TSXV: LMR
Date Published: Jun 22, 2016
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Lomiko Metals which is focused on the exploration and development of minerals for the new green economy, such a lithium and graphite, announced a private placement.

The company is offering 10 million flow-through units at $0.05 per unit, with each unit consisting of 1 flow-through share and 1 warrant, with the warrant exercisable at $0.075 for 36 months.

The company is also offering 6,250,000 non-flow-through units at $0.04 per unit, with each unit consisting of 1 share and 1 warrant, with the warrant exercisable at $0.05 for 18 months.

Lomiko will be applying to the TSX Venture Exchange to obtain a waiver for the exercise price on the warrants, as they are below the required minimum price.

The company is building a portfolio of graphite properties and has filed a Resource Estimate for its La Loutre Flake Graphite Property in Quebec.

In April, Lomiko announced an option to acquire up to a 70% interest in Critical Elements’ Bourier project, also located in Quebec, which hosts lithium deposits and known lithium mineralization.

A. Paul Gill, CEO of Lomiko, stated: “Recent consumer interest in electric vehicles has increased investor interest in Lithium and Graphite, two of the major components of a lithium-ion battery."

Lomiko Technologies, a subsidiary of Lomiko Metals, holds approximately 4.4 million shares of Graphene 3D Lab (www.graphene3DLab.com), which trades on the TSX Venture Exchange under the symbol GGG.

Graphene 3D is in the business of developing, manufacturing, and marketing proprietary graphene-based nanocomposite materials for various types of 3D printing.

Lomiko Technologies also owns 40% of Graphene Energy Storage Devices (www.graphene-ESD.com), and a license for the manufacture and sales of three innovative electronic products.

The company has received 50 of its innovative Spider Charger devices which are being used for distributor testing and product review submissions.

Lomiko currently trades at $0.035, and with 174 million shares outstanding, the company is capitalized at $6.1 million.

For more information about Lomiko, please visit the company’s website www.lomiko.com, contact
A. Paul Gill, CEO at 604-729-5312 or email info@lomiko.com.

I’m Samantha Deutscher for Investmentpitch Media