Lomiko Metals Inc. (TSX -V: LMR; OTC: LMRMF; FSE: DH8B, Europe: ISIN: CA54163Q1028, WKN:
#439, 7184 120th Street, Surrey, BC, V3W 0M6● Ph: (778) 228-1170 ● Fax: (604) 583-1932 ● Website: www.lomiko.com
February 23, 2015 TSX-V: LMR
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
PRESS RELEASE
Lomiko Metals Inc. (TSX-V: LMR; OTC: LMRMF; FSE: DH8B, Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the "Company" or "Lomiko") announces it has received regulatory approval and closed its first tranche of a private placement as to 9,799,000 units for proceeds of $587,940. Each unit consisting of one common share at $0.06 and one warrant exercisable for 18 months at $0.125.
The Company paid a cash finder’s fee of $24,000 to EMD Financial Inc. of Montreal Quebec.
The securities have now been issued having a hold period expiring June 21, 2015. The net proceeds of the financing will be used for business development purposes and general working capital.
The Company anticipates closing the remainder of the financing in the next few weeks.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements
For more information, review the website at www.lomiko.com, or contact A. Paul Gill at 604-729-5312 or by email at: [email protected].
ON BEHALF OF THE BOARD LOMIKO METALS INC.
Signed: “A. Paul Gill”
A. Paul Gill, 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.