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Lomiko Metals Announces Closing of the Oversubscribed Second Tranche of the Hard Dollar Financing
Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko” or the “Company”) announces...
About this update from Lomiko Metals Inc.
[{"type":"text","content":"Lomiko Metals Announces Closing of the Oversubscribed Second Tranche of 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 Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko” or the “Company”) announces that it will apply to the TSX Venture Exchange (“TSXV”) for approval to close the second tranche of the hard dollar financing of $195,000. The financing was initially announced on September 29, 2025.\n \n\n The Company anticipates issuing 1,950,000 common shares at $0.10, along with a half warrant exercisable for three years at $0.15 for gross proceeds of $195,000. The financing has been oversubscribed by $45,000.\n \n\n A cash finder's fee of 5% or $8,500 has been agreed to be paid.\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 issuance of the securities remains subject to receipt of all necessary regulatory approvals, including approval from the TSXV.\n \n\n The Company intends to use the proceeds from the hard dollar financing to continue the engineering phase of the prefeasibility study for the La Loutre graphite project, including progress with bulk sample and anode piloting at the La Loutre project, as well as for general working capital purposes. 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 Gordana Slepcev, CEO, President, and Director, stated: “We are pleased to announce the successful closing of the oversubscribed second tranche of our private placement. The funds raised will be strategically deployed to advance the development and engineering of the La Loutre natural flake graphite project in alignment with top industry standards. Gross proceeds from the offering will support the completion of the pre-feasibility study, baseline environmental studies, stakeholder consultations, and general working capital requirements.”\n \n\n One insider of the Company subscribed for a total of 250,000 Units. As such, this participation constitutes a “related party transaction ...