March 2, 2012 TSX: V.LMR
LOMIKO METALS INC. ANNOUNCES APPROVAL OF $903,320
PRIVATE PLACEMENT FINANCING
Vancouver, BC. - LOMIKO METALS INC. (“Lomiko” or “the Company) is pleased to announce the closing and approval of its previously announced private placement financing on February 3rd,
2012. The Company was successful in raising $903,320 through the sale of 9,033,200 million units (“Units”) at a price of $0.10 per Unit. Each Unit consists of 1 common share and one
share purchase warrant, each full warrant being exercisable at a price of $0.15 for a period of twelve months from the closing date. The securities have now been issued, having a hold period expiring July 2nd, 2012. The Company shall pay a cash commission of $75,000 in regards to the above financing. The proceeds of the offering will be used for exploration purposes and for general operational
expenses.
I didn't sell out, I bought in!
