Lomiko Metals Inc (LMRMF)

[ZetaReticuli]

For .05 you get one unit which equals one share that you can hold or sell now plus one warrant (a second share) that you can exercise (becomes a share that you can sell) when the share price hits .10. The warrant (second share) is the incentive to pay the premium over the current trading price for one share.

The offering statement said they expect it to close 10/30/20 which sounds like it could remain open until they sell all 14 million units. They will probably sell these units to fund managers outside of regular trading.

The float will be diluted by 14 million shares now and another 14 million shares at prices over .10.