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Lomiko Metals arranges up to $4-million offering

Jan 29, 2014

LOMIKO METALS INC. FILES PRELIMINARY SHORT FORM PROSPECTUS FOR NEW ISSUE OF UNITS AND FLOW-THROUGH UNITS AND ANNOUNCES CONCURRENT PRIVATE PLACEMENT OF FLOW-THROUGH UNITS

Lomiko Metals Inc. has filed a preliminary short form prospectus in each of the provinces of Alberta, British Columbia and Ontario which qualifies the distribution of (i) a minimum of 6,818,182 units and a maximum of 27,272,727 units of the company at a price of 11 cents per unit, and (ii) a maximum of 7,692,308 flow-through units of the company at a price of 13 cents per flow-through unit, for minimum total gross proceeds of $750,000 and maximum total gross proceeds of $4-million.

Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each flow-through unit consists of one common share to be issued on a flow-through basis within the meaning of the Income Tax Act (Canada) and one-half of one common share purchase warrant.

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