Surrey, BC -- (SBWIRE) -- 09/18/2014 -- LOMIKO METALS INC. (TSX-V:LMR, OTC: LMRMF, Frankfurt: DH8B, Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the “Company”) announced August 15, 2014 that it has received approval from the TSX Venture Exchange to the acquisition of 1,200,000 common shares at $0.25 per share of MatNic Resources Inc. The transaction was subject to Mat|Nic Resources Inc. receiving regulatory approval to a reverse takeover (“RTO”) by Graphene 3D Labs Inc. (“Graphene 3D”) (TSXV: GGG) (formerly named MatNic Resources Inc.).
The Company holds 4,396,970 common shares in the capital of Graphene 3D representing approximately 11.23% of the outstanding Shares of Graphene 3D. Of these shares, 3,196,970 were acquired at a deemed price of $0.075 pursuant to pursuant to a securities exchange agreement (the "Securities Exchange Agreement") dated June 6, 2014 between, among others, Graphene 3D and Lomiko.
3,196,970 of the Shares held by Lomiko are subject to the terms of a Surplus Security Escrow Agreement, in accordance with the Policies of the TSX Venture Exchange. Pursuant to the terms of the Tier 2 Surplus Escrow Agreement, 5% of the Shares will be released from escrow upon the issuance of the TSX Venture Exchange bulletin announcing final approval of the listing of the Shares, and respectively 5%, 10%, 10%, 15%, 15% and 40% will be released on each of the dates that is 6 months, 12 months, 18 months, 24 months, 30 months and 36 months from the date of the TSX Venture Exchange bulletin.
Lomiko acquired the Shares for investment purposes and does not intend to acquire additional Shares in the future.
The acquisition of Shares was exempt under National Instrument 45-106 Prospectus and Registration Exemptions.
About Lomiko Metals Inc.
Lomiko Metals Inc. is a Canada-based, exploration-stage company. The Company is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy. Its mineral properties include the Quatre Milles Graphite Property and the Vines Lake property which both have had recent major discoveries. Recently, Lomiko Metals formed Lomiko Technologies, a 100% owned subsidiary focused on technological applications of graphite and graphene.
For more information on Lomiko Metals Inc., review the website at
http://www.lomiko.com or contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com
On Behalf of the Board
“A. Paul Gill”
Chief Executive Officer
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company's identity protection software products into various channels and market sectors, the issuance of the company's pending patent application, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Please note that this press release has been revised from its original content.