By Devika Patel
Knoxville, Tenn., Aug. 31 - Lomiko Metals Inc. announced it completed a C$1 million private placement of units.
The company sold 8,333,333 units at C$0.12 apiece. Each unit consists of one common share and one half-share warrant. Each whole warrant is exercisable at C$0.20 for 18 months.
Byron Capital Markets was the agent.
Lomiko is a natural resource company in Delta, B.C.
| Issuer: | Lomiko Metals Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1 million
|
| Units: | 8,333,333
|
| Price: | C$0.12
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.20
|
| Agent: | Byron Capital Markets
|
| Settlement date: | Aug. 31
|
| Stock symbol: | TSX Venture: LMR
|
| Stock price: | C$0.14 at close Aug. 31
|
| Market capitalization: | C$4.42 million
|
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