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Lomiko Metals Announces Closing of Private Placement for Gross Proceeds of C$500,000
MONTREAL, April 29, 2026--Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko Metals" or the "Company") is pleased to announce closing of the private placement (the "Offering") for aggregate gross proceeds of C$500,000 through the issuance of 5,000,000 units of the Company (each, a "Unit") at a price of C$0.10 per Unit. Each Unit consists of one common share of the Company and one-half common share purchase warrant, with each whole warrant entitling the holder to acquire one common share of the Company at
About this update from Lomiko Metals Inc.
MONTREAL, April 29, 2026--(BUSINESS WIRE)--Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko Metals" or the "Company") is pleased to announce closing of the private placement (the "Offering") for aggregate gross proceeds of C$500,000 through the issuance of 5,000,000 units of the Company (each, a "Unit") at a price of C$0.10 per Unit. Each Unit consists of one common share of the Company and one-half common share purchase warrant, with each whole warrant entitling the holder to acquire one common share of the Company at a price of C$0.15 per share for a period of three years following the closing of the Offering (the "Closing"). The Company intends to use the proceeds of the Offering for general working capital purposes, the advancement of the La Loutre natural flake graphite project (the "Project"), and for regional graphite exploration. All securities issued shall be subject to a hold period expiring four months and one day from the Closing. The Offering remains subject to final acceptance of the TSX Venture Exchange. The insiders of the Company subscribed for a total of 1,400,000 Units. As such, this participation constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the Units acquired by the insider nor the consideration for the Units paid by such insider exceeds 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to the closing date of this private placement, as details of the respective participation of such insiders in the financing were unknown at such time. About Lomiko Metals Inc. The Company holds mineral interests in its advanced La Loutre graphite development in southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory, which is situated within the Outaouais and Laurentides regions. Located 180 kilometers northwest of Montreal, the property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares (45.3 km2). The Company also holds an interest in seven early-stage projects...
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