#439-7184 120th Street, Surrey, B.C. V3W 0M6
November 30 2018 TSX-V: LMR
LOMIKO TO RAISE $ 600,000 THROUGH THE ISSUANCE OF FLOW THROUGH COMMON SHARES AND
AMENDS EXERCIE PRICE OF CERTAIN OPTIONS
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
(Vancouver, B.C.) Lomiko Metals Inc. ("Lomiko") (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) announces that it will raise $600,000 and issue up to 12,000,000 flow-through common shares at $0.05. Finder's fees will be paid in accordance with the TSX-V policies. All securities will be subject to a four-month plus one day hold period from the closing.
Proceeds will be used to complete further exploratory work at the La Loutre Property in the Refractory Zone in order to define a resource in compliance with National Instrument #43-101.
The issuance of the flow-through common shares and the payment of the finder's fee are subject to the final approval of the TSX Venture Exchange.
Options - Amend Exercise Price
The Company, subject regulatory approval, has agreed to reprice 250,000 stock options issued to Northcote Advisors Inc. and 50,000 stock options issued to EDE Asset Management Inc. from $0.14 to $0.05. All other terms remain the same.
For more information, review the website atwww.lomiko.com, or contact A. Paul Gill at 604-729-5312 or by email atinfo@lomiko.com.
ON BEHALF OF THE BOARD LOMIKO METALS INC.
A. Paul Gill,
President and Chief Executive Officer
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Lomiko Metals Inc. published this content on 30 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 December 2018 01:01:07 UTC