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CORRECTING and REPLACING Lomiko Metals Announces the Hard Dollar Financing
Please replace the release with the following corrected version due to multiple revisions. Th...
About this update from Lomiko Metals Inc.
[{"type":"text","content":"\nCORRECTING and REPLACING Lomiko Metals Announces the Hard Dollar Financing\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }\n \n\n\n\n\n\n\n\n Please replace the release with the following corrected version due to multiple revisions.\n \n\n The updated release reads:\n \n\n\n LOMIKO METALS ANNOUNCES THE HARD DOLLAR FINANCING\n \n\n\n Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce a private placement (the “Offering”) for aggregate gross proceeds of up to $800,000 through the issuance of 8,000,000 units of the Company (each, a “Unit”) at a price of C$0.10. Each Unit will consist of one common share of the Company and one-half common share purchase warrant exercisable for three years at $0.15.\n \n\n Gordana Slepcev, CEO, President, and Director, stated: “The proceeds of the private placement will be used to continue the pre-feasibility level of the engineering studies for the La Loutre natural flake graphite deposit. The proceeds raised will also support other strategic initiatives, including baseline data collection, the bulk sample, and anode piloting at the La Loutre project, and general working capital purposes. The engineering studies support a wide range of independent consultants, principally based in Quebec, to assess the geology and project potential, and to select the optimal production model that will also serve to mitigate environmental and social risk factors, and best satisfies the vision and objectives of Lomiko as a responsible developer of natural flake graphite in Quebec, Canada for a North American energy supply chain.”\n \n\n While the Company intends to spend the proceeds from the financing as stated above, there may be circumstances where, for sound business reasons, funds may be reallocated at the discretion of the Board.\n \n\n All securities issued shall be subject to a hold period expiring four months and one day from their date of issuance. Completion of the financing and the issuance of the securities remain subject to receipt of all necessary regulatory approvals, including the approval of the TSXV.\n \n\n The Company confirms there is no material fact or material change related to the Compan...