Lomiko Metals Inc. announced a non-brokered private placement of units at a post-consolidation price of CAD 0.35 per unit and flow-through units at a post-consolidation price of CAD 0.41 per FT unit for the total gross proceeds of CAD 1,250,000 on June 24, 2024. Each unit will consist of one common share of the company and one common share purchase warrant. Each FT unit will consist of one common share of the company to be issued as a flow-through share and one-half of one warrant.

Each warrant shall entitle the holder to purchase one common share of the company at a post-consolidation price of CAD 0.52 at any time on or before that date which is 36 months after the closing date of the Private Placement. Finder fees and commissions may be paid in accordance with the TSX Venture Exchange policies. Pursuant to applicable Canadian securities laws, all securities issued under this private placement are subject to a hold period of four months and one day.

Closing is subject to several prescribed conditions, including, without limitations, approval of the TSX Venture Exchange. The Private Placement remains subject to TSX Venture Exchange approval.