On December 5, 2023, Lomiko Metals Inc. closed the transaction. The company issued 16,666,666 Hard Dollar units at a price of CAD 0.03 per unit for the gross proceeds of CAD 499,999.8 in the transaction. Each unit will consist of one common share and one common share purchase warrant. Each warrant shall entitle the holder to acquire one common share at a price of CAD 0.05 for a period of 60 months. All securities issued under this private placement are subject to a hold period of four months and one day. On closing, the Company anticipates paying finders? fees with the issuance of 583,333 common shares. Closing is subject to several prescribed conditions, including, without limitations, final approval of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 2 placees including existing insider involvement of one insider for 11,666,667.