Lomiko Updates Private Placement
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Saturday, January 15, 2022 - 12:51am
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Further to the press release dated January 7, 2022, Lomiko Metals Inc. (TSX.V: LMR) (Lomiko Metals or the Company), subject to the approval of the TSX Venture Exchange for a non-brokered private placement, has updated the closing of its financing for gross proceeds of $1,666,000 through the issue of 20,825,000 units (Units) at a price of $0.08 per unit.
Key Points:
- Further to the press release dated January 7, 2022, Lomiko Metals Inc. (TSX.V: LMR) (Lomiko Metals or the Company), subject to the approval of the TSX Venture Exchange for a non-brokered private placement, has updated the closing of its financing for gross proceeds of $1,666,000 through the issue of 20,825,000 units (Units) at a price of $0.08 per unit.
- The closing of the private placement is subject to the completion of formal documentation and the approval of the TSX Venture Exchange.
- Proceeds of the private placement will be used for working capital.
- 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 Offering was unknown at such time.