Lomiko Metals Inc. announced a private placement that it will issue 16,666,666 Hard Dollar units at a price of CAD 0.03 per unit for the gross proceeds of CAD 499,999.8 November 23, 2023. Each unit will consist of one common share and one common share purchase warrant. Each warrant shall entitle the holder to acquire one common share at a price of CAD 0.05 for a period of 60 months. Finder fees and commissions may be paid in accordance with the TSX Venture Exchange policies. Pursuant to applicable Canadian securities laws, all securities issued under this private placement are subject to a hold period of four months and one day. The transaction is subject to the approval of several prescribed conditions, including, without limitations, approval of the TSX Venture Exchange.

On December 5, 2023, the company announced that it will apply to the TSX Venture Exchange to close its private placement on November 23, 2023, pursuant to which it will issue 16,666,666 units at CAD 0.03 per Unit for gross proceeds of CAD 500,000. Pursuant to applicable Canadian securities laws, all securities issued under this private placement are subject to a hold period of four months and one day. On closing, the company anticipates paying finders? fees with the issuance of 583,333 common shares.