- Lomiko Metals ( OTCQB:LMRMF ) has announced the increase in the size of its previously announced $1M non brokered- private placement to a total 40.52M units at a price of $0.03/Unit for aggregate gross proceeds of $1.22M .
- Each Unit consists of one common share and one warrant where, each warrant shall entitle the holder to acquire one additional common share of the Co. at a price of $0.05 for a period of 60 months.
- Net proceeds of the units will be used to incur expenses on its exploration graphite and lithium properties.
- Closing of the private placement is expected to occur on or about Dec. 9, 2022.
For further details see:
Lomiko increases previously announced private placement