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Uragold Increases its Gold Exploration Potential for the Beauce Paleoplacer Project, Closes the Fancamp Claims Acquisition and Files a New NI 43-101 Technical Report

Posted by AGORACOM-JC at 11:31 AM on Thursday, January 22nd, 2015

Montreal, Quebec / January 22, 2015 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR), is pleased to announce that it has filed a new technical report in accordance with National Instrument 43-101, entitled, “Technical Report on the Beauce Paleoplacer Property, South-Eastern Quebec” (“Technical Report”) with Canadian securities regulators. The project is located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. The Technical Report is available at www.sedar.com and on the Company’s website.

This report was prepared in order to fulfill TSX-Venture requirement regarding the Company’s acquisition of the Fancamp claims (please refer to news release dated September 17, 2014 and October 22, 2014 for more detail).

The closing of the Fancamp claims acquisition increase Uragold Gold Exploration Target from the original range of 23,000 ounces (741,000 m3 @ 0.97 g Au/m3) and 140 000 ounces (741,000 m3 @ 5.9 g Au/m3) to a new Gold Exploration Target, for the entire historical paleoplacer channel now controlled by Uragold, ranging between 61,000 ounces (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3).

SALIENT POINT OF THE NEW EXPLORATION TARGET DELINEATION:

  • - Sonic Drilling during 2011 revealed that the gold bearing unit corresponded to a brown clayey diamict and a saprolite that is at least partly of a glacial origin, rather than purely alluvial gravel. These units are generally just above the Basement rocks and frequently gradational onto it;- The polygonally calculated “Exploration Target” is estimated as 1 892 503 grams (60,844 ounces) contained within 2,157,171 m3 of saprolite and brown tillite under some 9 248 334 m3 of overburden (giving a stripping ratio of 1: 4.3) at an average grade of around 0.877 g/ m3 for the brown diamictite and the saprolite combined;

    – Evidence from the historical drilling versus the Beauce Placer Mining Company production figures suggests that due to the “nugget effect” the final gold recovery could be significantly higher (up to 6 times) than the drilling estimate of the gold volume;

    – This equates to a possible range between 61,000 ounces (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3) using the x6 multiplier

*All information such as the historical estimates or the exploration target on the Beauce Paleoplacer Project area are base on historical data from Roche, Laval University and the Geological Survey of Canada that pre-date 2001, therefore they do not meet current National Instrument 43-101 reporting standards and should not be relied upon until the Company can confirm them.

Patrick Levasseur, President and COO of Uragold stated that: “The closing of the acquisition is another key milestone in the development of our Gold assets… the new exploration target and potential, changes the entire dynamics of the Beauce Paleoplacer Gold project, as it significantly increase the scope and size of the project.”

With the acquisition now completed, Uragold can now focus its attention on securing a non-dilutive financing required to complete a 9,000 cubic meters (m3) of auriferous till pilot-scale operation (Phase 1). The pilot-scale operation is needed to allow the corporation to establish a statistical distribution model for the nugget effect to the gold grade of the buried paleoplacer channel. This step is required to establish a resource category needed to complete the Feasibility Study (“FS”) requirement of Quebec’s the new Mining Act.

As previously mentioned, Quebec’s Ministry of Natural Resources will grant Uragold a “conditional” Mining Lease over the Rang Chaussegros to complete Phase 1 once an Internal Preliminary Economic Assessment (PEA) and an approved Closure Plan is submitted. UBR will be authorized to start full-scale production (Phase 2) once a Feasibility Study (“FS”) is submitted.

The new NI43-101 Technical report also address issues identified by l’Autorite des marches financiers du Quebec (“AMF) as previously disclosed on October 17, 2014.

Mr. Vivian Stuart-Williams, SACNASPS, working under Special Authorization #308 of the Quebec Order of Geologist, is an Independent Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

The Filing of the technical report was the last outstanding issue Uragold needed to comply with in order to receive TSX venture approval of the closing of the acquisition (Please refer to Uragold Oct 22, 2014 press release for more details)

SALIENT POINTS OF THE FANCAMP CLAIMS ACQUISITION:

  1. 1.Uragold is acquiring the claim block (herein, collectively the “Claims”) (“The Acquisition”) through:
    1. a.As consideration for the transfer and the sale of the Claims and related assets to Uragold, Uragold will issue, at the closing an amount equal to 8,000,000 Uragold Units. Each Unit will be comprised of 1 common share and 1 common share purchase warrant (the Warrant”) of Uragold.
    2. b.Each full Warrant will entitle Fancamp to purchase one common share of the capital stock during a period of 60 months from the date of the issuance of the Units. Each Warrant shall entitle Fancamp to purchase one (1) additional common share of Uragold at a price of C$0.20 per share during the first 24 months from the date of issuance of the units, at a price of C$0.30 from the start of the 25th month until the end of the 48th month, and at a price of C$0.40 per share at the start of the 49th month until the end of the 60th month.

Contemporaneously with the signing of the definitive Agreement:

    1. c.Uragold will make cash payment of C$25,000 to Fancamp not later than fifteen (15) months of the Signing of the definitive Agreement.
    2. d.Uragold will finance C$400,000 worth of exploration work on the Claims over the next 4 years, under the following schedule, the first fifteen (15) months: C$50,000, Year 2: C$75,000, year 3: C$100,000 and year 4: C$175,000.
    3. e.Uragold has granted Fancamp a three and one half percent (3.5 %) Gross Metal Royalty on any gold production extracted from the 32 Claim block acquired by Uragold.
  1. 2.Fancamp and Uragold have signed aCovenant regarding the sale of Uragold shares held by Fancamp.
    1. a.Included in the Covenant is a Standstill agreement whereby Fancamp agrees not to sell any of its Uragold shares (“Standstill”) during a twelve (12) month period (“Standstill Period”) starting on the day of the issuance of the Uragold Units to Fancamp.
    2. b.The Covenant also includes a Change of Control Clause whereby in the event that a Change of Control event occurs at either Parties, then either the Fancamp Standstill Period will be automatically increased by thirty-six (36) months or a new thirty-six (36) months Standstill Period will start, or in the case that the change of control occurs at Uragold, then the standstill agreement will lapse.
    3. c.So long as Fancamp owns at least ten percent (10%) of the issued and outstanding Uragold Shares, Fancamp can have one nominee elected as a director to the Uragold board of directors.
  2. 3.Fancamp nominee Mr. Peter H Smith will join the Board of Uragold.

Peter H. Smith PhD, P.Eng. is a Director and founder of Fancamp Exploration Ltd. and is presently Chairman of the Board and President. He has been a Director of Fancamp Exploration Ltd. and its predecessor company, Fancamp Resources Ltd, since January 1986. He is presently a Director of Lamelee Iron Ore Ltd., since May of 2014 and served as a Director of Argex Titanium Inc. from October 2009 to May 2013. He has served as a Director of Litewave Corp. and St. Georges Platinum Base Metals Ltd. since January 2010, leaving the latter company in October 2010. He was a Director of Golden Hope Mines Ltd from May 1997 to August 2009. He is a member of the Ontario Order of Professional Engineers and is a former Director of the Prospectors and Developers Association of Canada.

  1. 4.Once Gold Mining operations have begun on the Claims purchased, Uragold will make a one-off cash payment of C$500,000 to Fancamp.
  2. 5.Pursuant to an agreement entered into between Fancamp and a private vendor as of December 12, 2005, the Vendor currently holds a one point five percent (1.5 %) net smelter return royalty affecting the Claims, of which one percent (1%) may be purchased at the sole discretion of Fancamp, or of Uragold as of the date hereof, for a payment of one million dollars ($1,000,000), (the “NSR Royalty”).

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%). Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271
www.uragold.com

Graphene is the Future of Tech and the Future is Here

Posted by AGORACOM-JC at 10:37 AM on Wednesday, August 20th, 2014

Lomiko’s Cash and Investments Value Almost Exceed Its Market Cap

VANCOUVER, British Columbia, Aug. 20, 2014 — Even though graphite companies have been ever increasing blips on investors’ radar screens over the past couple of years, the space got a massive visibility and validation boost when the already iconic Tesla Motors announced its planned lithium ion battery gigafactory to be completed by 2017 to support the demand for its new Tesla Model S. It’s partnering with Panasonic and initiatives by rival behemoths such as Samsung and others will undoubtedly add to the interest both for graphite and tech derivative graphene.

Without reciting readily available facts, the bottom line is that Tesla is projected to use 30k tons of battery grade spherical graphite derived from 102k tons of feedstock. At the moment, only 80k tons of the high-grade natural flake mineral necessary is being produced annually. And given that the cost per ton of synthetic graphite is roughly double that of natural flake, the future growth may well belong to the latter as more mines come on-stream.

“Investors need to understand that the impressive growth will ultimately come from graphite/graphene technology applications such as 3D printing,” stated A. Paul Gill, CEO of Lomiko Metals (TSX-V:LMR) (OTCQX:LMRMF) (FRANKFURT:DH8B). “Lomiko not only has first class mineral properties, but also intends to be an incubator of graphene technologies. The recent successful market debut of Graphene 3D Labs, of which LMR owns 11.23% or 4.4 million shares, has been a solid proof of concept that our aggressive plans to seek out the best opportunities deliver exceptional shareholder value.”

Considering there are more than 11,000 plus patents or patents pending for graphene technologies, the story just gets more compelling. Large companies such as General Electric and Lockheed-Martin and have also confirmed their interest in utilizing graphene technologies.

Credit Suisse forecasts that global 3D printing market revenues will reach almost $12 billion by 2020; it came in just over $2 billion in 2012. That represents annual growth of 20-30%. The retail consumer/small business market shows the largest growth potential with 100%+ year over year growth in 2013.

While financing for all companies is tough at the moment, LMR closed a $5.5 million financing in March 2014. As well, over the last nine months, the Company’s 100 % subsidiary, Lomiko Technologies, invested $350,000 for a stake in (with Graphene Labs) spinoff Graphene 3D Labs for a final ownership total of approximately 4.4 million shares.

GGG began trading on Aug 11th, 2014, and the shares rapidly hit $1.22 a share on Aug 13 2014, a rise of more than 800% on impressive volumes. The shares currently trade at about $0.95, evidencing the ongoing investor interest. For Lomiko, the collective math of the value of its stake following the GGG debut and recent financing should impress investors. Lomiko’s current market cap is a modest $10.25 million.

At $0.075 a share, investors in Lomiko are basically buying the cash and Graphene 3D Lab stake and getting the rest of the assets as a bonus.

Over and above the fact that Gill is a font of knowledge on all things graphite, graphene and the related technologies and applications, the way he has structured Lomiko is unique among peers. Is LMR a graphite miner? A tech company? An advocate for the economics and sustainability of natural flake graphite and graphene applications?

Yes.

Anyone who has linked to Gill or Lomiko on LinkedIn, Twitter, Facebook or signed up for news directly from the Company will never have to wade through pedestrian information, but the latest and most relevant developments in the space. Given how fast moving developments are, investors who want to keep abreast should find LMR not only a great potential investment, but also an indispensable information resource.

Graphene 3D Labs has proprietary technology which management believes has the potential to bring 3D printing to the next stage of commercial development and create new markets. The company has two US patent applications pending for its technology.

Nobel Laureate Andre Geim discovered graphene in 2004. Simply put by Geim in a 2013 CNN interview:

Because of its range of extraordinary properties, people are considering using graphene in a myriad of different applications. For example, because graphene is so strong, people want to use it to reinforce plastics, making them conductive at the same time. Because it’s transparent and conducts electricity, people want to use it in applications like mobile phone screens, touch screens, TV screens and so on. People are also considering using it to go beyond silicon technology and make our integrated circuits even denser and speedier. Those are just few examples.

While the applications in 3D printing are impressive, there are several multi-billion dollar industries that will benefit from this alliance including the medical appliance market, biotech and super capacitors. RFID, smart packaging, ITO replacement, sensors, logic and memory are also areas where graphene will likely see exceptional growth.

Lomiko’s flagship property, the 3824 hectare Quatre Milles in Quebec continues to move ahead. The eastern portion has already been drilled. The exciting part is what was found in the West Claim Block in the July 2014 survey; 88 magnetic anomalies with no less than 23 high priority targets. These represent by far the best potential within the property, displaying the same size as the eastern anomalies but larger in number of targets. Since the Company can’t ignore the impressive potential of these findings, drilling is being stepped up within the 2014 plan. Lomiko’s cash position will fund the development.

If you want a pure graphite mining play there are lots of candidates. If you want one that is already diversifying revenue streams, positioning itself at the leading technology edge of this burgeoning space and can be had for what seems to be a ridiculously low price, kick Lomiko’s tires.

Lomiko trades at $0.06 with a market cap of $8.2 million.

Legal Disclaimer/Disclosure: A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author’s only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.

Also, please note that republishing of this article in its entirety is permitted as long as attribution and a back link to Financialpress.com are provided. Thank you.

CONTACT: Lomiko Metals Inc.
         A. Paul Gill
         604-729-5312
         info@lomiko.com
         www.lomiko.com

Lomiko Metals is the Beneficial Owner of 4,396,970 Shares of Graphene 3D Lab TSXV: GGG

Posted by AGORACOM-JC at 8:06 AM on Friday, August 15th, 2014

VANCOUVER, BRITISH COLUMBIA–(Aug 15, 2014) – LOMIKO METALS INC. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B) (Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the “Company”) announces 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 MatNic Resources Inc. receiving regulatory approval to a reverse takeover (“RTO”) by Graphene 3D Labs Inc. (“Graphene 3D”) (TSX VENTURE:GGG) (formerly named MatNic Resources Inc.).

The transaction is now complete and the Company now 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.

Lomiko Metals Inc. Background

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.

On Behalf of the Board

A. Paul Gill, Chief Executive Officer

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Lomiko Metals Inc.
A. Paul Gill
604-729-5312
info@lomiko.com
www.lomiko.com

Lomiko to Adopt Shareholder Rights Plan at October 30, 2014 AGM

Posted by AGORACOM-JC at 12:04 PM on Thursday, August 7th, 2014

VANCOUVER, BRITISH COLUMBIA–(Aug. 7, 2014) - LOMIKO METALS INC. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B) (Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the “Company”) announces that its Board of Directors (the “Board”) has approved the adoption of a shareholder rights plan (the “Plan”). The Plan is subject to the approval of the TSX Venture Exchange and shareholder ratification within six months of its adoption. The Corporation will seek shareholder ratification at its annual and special meeting of the shareholders scheduled to be held on October 30, 2014.

Lomiko is not adopting the Plan in response to any specific proposal to acquire control of its outstanding securities. The Plan will be similar to plans adopted by other Canadian companies and ratified by their shareholders. It is not the intention of the Plan to entrench management or prevent a change of control of Lomiko to the detriment of shareholders. The Plan will not apply to takeover bids that meet certain requirements including that the bid be made by way of a takeover bid circular and be left open for at least 60 days so as to ensure that shareholders will have an adequate opportunity to assess the merits of any such bid.

The Plan has been designed to encourage the fair and equal treatment of shareholders in connection with any takeover bid for Lomiko’s outstanding securities, and will provide the board of directors with additional time to assess the advantages and disadvantages of any particular offer, and to seek out alternative proposals in the best interests of all shareholders.

If ratified, the Plan will have an initial term which will expire at Lomiko’s annual general meeting of shareholders to be held in 2017; the Plan may also be reconfirmed and extended at that annual general meeting and at every third annual general meeting thereafter. If ratified as disclosed above, a copy of the new rights plan will be available for viewing on SEDAR and may also be obtained from Lomiko subsequent to its 2014 annual general meeting of shareholders.

Lomiko Metals Inc. Background

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.

For more information on Lomiko Metals Inc., review the website at www.lomiko.com.

On Behalf of the Board of LOMIKO METALS INC.

A. Paul Gill, Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Lomiko Metals Inc.
A. Paul Gill
604-729-5312
info@lomiko.com
www.lomiko.com

Lomiko Announces Discovery of 23 New High Priority Magnetic Anomalies at Quatre Milles Flake Graphite Property

Posted by AGORACOM-JC at 9:13 AM on Monday, July 14th, 2014

VANCOUVER, BRITISH COLUMBIA–(Jul 14, 2014) – LOMIKO METALS INC. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B) (the “Company”) reports Consul-Teck of Val-d’Or and consulting firm Dubé & Desaulniers conducted a combined Magnetic and Very Low Frequency Electro-Magnetic (VLF-EM) survey on the West Block of the Quatre Milles Project for a total of 209.6 linear km. The survey is part of an extensive and comprehensive exploration plan at Quatre Milles for the 2014 season.

The goal of the program is to identify high grade, near surface graphite mineralization suitable for conversion to battery-grade graphite. The graphite industry could see exponential growth based on new demand for lithium-ion batteries which use 10 to 15 times as much graphite as lithium.

Telsa Motor Cars announced, “As we at Tesla reach for our goal of producing a mass market electric car in approximately three years, we have an opportunity to leverage our projected demand for lithium ion batteries to reduce their cost faster than previously thought possible.”

Lomiko is also an investor in Graphene 3D Lab as of November 22, 2013 which aims to pioneer the manufacturing of electronic devices using graphene 3D printing filament and graphene printers. Currently, there are 11,000 patented or patent-pending graphene technologies which will require graphene material. Large companies such as General Electric, Lockheed-Martin and Samsung have confirmed their interest in Graphene uses. The graphite industry may see increased demand as a base material for the production of graphene. Lomiko will be able to participate in this new demand due to initial test results September 17, 2013 indicating graphite from Quatre Milles was converted to graphene oxide.

Previously reported drill results at Quatre Milles indicate extensive mineralization in the region. The Quatre Milles Project NI 43-101 Technical Report with all Phase I and historical drill hole results is available on the Lomiko web site. On March 13, 2014, Lomiko closed a financing for $ 5.5 million for the purposes of advancing the Quatre Milles Property and investing in technology.

In total, 88 VLF-EM conductors axis were identified. Of those, 23 new conductors are prioritized for further review. Conductors that are associated to magnetic anomalies are likely caused by pyrrhotite rich sulphide occurrences. However, most of the conductors do not show correlation with the magnetic signal and the strongest VLF-EM anomalies are thus possibly caused by graphite mineralization.

Lomiko will initially investigate the outlined anomalies by basic prospecting methods and follow-up with drilling at identified graphite zones. Strong magnetic anomalies that are not responding to the VLF-EM method also deserve further investigation. Sources identified as promising for mineralization discoveries could then be the object of resistivity/IP surveys that can be efficiently used to penetrate the ground at further depth and better image the geometry of conductive and chargeable sources.

Jean-Sebastien Lavallée (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

On Behalf of the Board

A. Paul Gill, Chief Executive Officer

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Lomiko Metals Inc.
A. Paul Gill
604-729-5312
info@lomiko.com
www.lomiko.com

Lomiko Metals Inc. Closes Financings for Gross Proceeds of $5,520,800

Posted by AGORACOM-JC at 9:09 AM on Thursday, March 13th, 2014

VANCOUVER, BRITISH COLUMBIA and TORONTO, ONTARIO–(March 13, 2014) – LOMIKO METALS INC. (TSX VENTURE:LMR) (the “Company” or “Lomiko”) is pleased to announce that it has successfully completed its previously announced public offering (the “Public Offering”) in connection with the short form prospectus of the Company dated March 6, 2014 (the “Prospectus”).

Under the Public Offering, 26,584,180 units of the Company (the “Units”) were sold at a price of $ 0.11 per Unit and 4,627,000 units of the Company (the “Flow-Through Units”) were sold at a price of $0.13 per Flow-Through Unit.

Each Unit consists of one common share of the Company (each, a “Common Share”) and one-half of one common share purchase warrant (each whole warrant being a “Unit 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) (each a “Flow-Through Share”) and one-half of one common share purchase warrant (each whole warrant being a “Flow-Through Unit Warrant”).

Each Unit Warrant entitles the holder thereof to purchase one common share of the Company (the “Unit Warrant Shares”) at a price of $0.15 per Unit Warrant Share at at any time before the date that is 18 months following the closing date of the Public Offering. Each Flow-Through Unit Warrant entitles the holder thereof to purchase one common share of the Company (the “Flow-Through Unit Warrant Shares”) at a price of $0.20 per Flow-Through Unit Warrant Share at at any time before the date that is 18 months following the closing date of the Public Offering.

In consideration for services rendered in connection with the Public Offering, the Company has paid a cash commission equal to 8% of the gross proceeds received from the sale of the Units and the Flow-Through Units and the Company granted 1,872,671 compensation options, with each compensation option being exercisable to purchase one common share of the Company for a period of 18 months following the closing date of the Public Offering, at a price of $0.11 per common share. Total commission and fees related to the Units and the Flow-Through Units under the Prospectus were $381,780.83.

An overallotment provision granted under the Prospectus was not utilized and is now extinguished.

The Company is also pleased to announce the closing of its previously announced concurrent non-brokered offering by issuing 15,346,231 flow-through units (the “Private Placement Units”) for additional gross proceeds of $1,995,010.03 (the “Private Placement”). The securities underlying the Private Placement Units were issued on the same terms as the securities underlying the Flow-Through Units that were issued under the Public Offering. In connection with the Private Placement, the Company paid a finder’s fee of 8% in cash and issued 920,774 compensation options, with each compensation option being exercisable to purchase one common share of the Company for a period of 18 months following the closing date of the Private Placement, at a price of $0.13 per common share. Total commission and fees related to Private Placement Units were $194,600.80.

The net proceeds from the Public Offering of $3,143,988.97 and the Private Placement of $1,800,409.23 will be used by Lomiko primarily in connection with the exploration program on the Quatre-Milles East and West mineral properties (Quebec), for business development and for working capital and general corporate purposes. In particular, the proceeds of the flow-through shares under the Public Offering and the Private Placement will be used by the Company to incur eligible Canadian Exploration Expenses as defined by the Income Tax Act (Canada).

The Units, the Flow-Through Units and the Private Placement Units have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons unless the Units, the Flow-Through Units and the Private Placement Units are registered under the 1933 Act or pursuant to an applicable exemption from the registration requirements of the 1933 Act. This press release does not constitute an offer to sell, nor it is a solicitation of an offer of securities, nor shall there be any sale of securities in any state of the United States in which such offer, solicitation or sale would be unlawful.

On Behalf of the Board OF LOMIKO METALS INC.

A. Paul Gill, CEO & Director, Lomiko Metals Inc.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Lomiko Metals Inc.
(778) 228-1170
(604) 583-1932
info@lomiko.com
www.lomiko.com

Lomiko Metals, North American Nickel, VMS Ventures and Virtutone Networks Featured on Episode 22 of the Next Biggest Winner TV Show This Weekend

Posted by AGORACOM-JC at 12:14 PM on Thursday, March 6th, 2014

TORONTO, ONTARIO–(March 6, 2014) - The Next Biggest Winner, a leading and nationally televised investment show focusing on small-cap and mid-cap companies, is pleased to announce episode 22 will air this weekend.

EPISODE 22 GUESTS

Lomiko Metals (TSX VENTURE:LMR)

North American Nickel (TSX VENTURE:NAN)

VMS Ventures (TSX VENTURE:VMS)

Virtutone Networks (TSX VENTURE:VFX)

Paul Gill, CEO of Lomiko Metals joins us to discuss the Quatre Milles Property. Paul also touches on the formation of Graphene 3D Labs Inc. to focus on the development of high-performance graphene-enhanced materials for 3D Printing.

Rick Mark, CEO & Chairman of North Shore Mining Group joins us to discuss VMS Ventures and North North American Nickel. North American Nickel ‘s 100% owned properties are in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt. VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba.

Jason Allen, President and CEO of Virtutone Networks. Leading supplier of managed telecommunication services, including: Voice over IP services, Fax over IP services, Hosted PBX services, DSL & T1 data circuits, wireless solutions for mobile work forces and SCADA networks, and network management and IT-related products. The company generated over $9.2M in revenues during January 2014.

PROUD SPONSORS

We are proud to announce that UC Resources and Pacific Potash will serve as anchor sponsors for all 30 episodes of Season 2. Both companies appeared in Episode 4 and will also be appearing on future episodes.

In addition, Marketwired is the official Media Partner of The Next Biggest Winner and distributor of this press release.

NEW SEASON, NEW HOST

Season 2 promises to be even better than Season 1 with the addition of our new host, George Tsiolis. As the Founder of AGORACOM.com, George brings his significant knowledge and experience of small-cap markets to the show, insuring robust interviews and information for the benefit of our viewing audience.

Tsiolis stated “The Next Biggest Winner fills a significant void in Canadian Business Media by strictly focusing on emerging companies capable of becoming The Next Biggest Winner. Show creators Jamie Bailey and Metaphoria Productions smartly recognized there is no other nationally televised show of its kind and now provide small cap companies and investors everywhere with a great platform to connect. The production quality in our state of the art studio is second to none. I’m proud to be a Co-Producer for Season 2 and beyond!”

TELEVISION BROADCAST DETAILS

The show airs nationally on television via iChannel in prime time as follows:

WHEN: Saturday March 8th 7:30 PM EST (Also 8:30 AM & 3:30 AM)
Sunday March 9th 6:30PM EST (Also 7:30 AM & 2:30 AM)
WHERE: iChannel (See listing below or check iChannel for your local area)
http://www.ichannel.ca/the-next-biggest-winner/whats-on/
Bell Channel 514 Across Canada
Cogeco Channel 136 in Ontario and Quebec
MTS TV Channel 282 in Manitoba
Rogers Channel 197 in Ontario, Quebec, Nova Scotia, New Brunswick
Shaw Cable Channel 110 in BC / Channel 95 Everywhere Else
Shaw Direct Channel 593 (Classic) Channel 222 (Direct)
Source Cable Channel 174 Ontario
Telus TV Not Available Yet
Videotron Channel 146 in Quebec

About The Next Biggest Winner

The Next Biggest Winner is a television interview series for Canadian investors dedicated to identifying companies poised for growth. If your company believes it is The Next Biggest Winner and would like to appear on the show, please contact us below.

To watch a sneak peek of this episode, as well as, previous full episodes click here.

Contact Information

 

Metaphoria Productions
Jamie Bailey
Creator and Producer
jamie@metaphoriaproductions.com

AGORACOM
http://agoracom.com/services

Next Biggest Winner will be releasing a never before seen episode each day all week. Watch season 2 episode 24 now

Posted by AGORACOM-JC at 10:21 AM on Thursday, February 27th, 2014

TORONTO, ONTARIO - The Next Biggest Winner, a leading and nationally televised investment show focusing on small-cap and mid-cap companies, is pleased to release episode 24.

Episode 24 Guests

TNR Gold Corp. (TNR: TSX-V)

Cayden Resources (CYD: TSX-V)

Garibaldi Resources Corp. (GGI: TSX-V)

Gary Schellenberg,  President  of TNR Gold Corp. joins us to discuss the company’s Shotgun Gold project in Alaska which  contains 20,734,313 tonnes at 1.06 grams per tonne (“g/t”) gold for a total of 705,960 ounces gold (“Au”) using a 0.5 g/t Au cut-off.

Ivan Bebek, CEO of Cayden Resources takes the stage to discuss the company’s option to earn a 100% interest in the El Barqueño Concessions, near the town of Guachinango, Jalisco, Mexico, subject to certain royalties. The El Barqueño Project is made up of three concessions, each at the exploration stage, with a total of 46,700 hectares. The project area is located 130 kms west of Guadalajara, has excellent infrastructure and is accessible via paved or gravel roads. Cayden’s Mexican subsidiary recently sold approximately 23% of its “Morelos Sur Concession” to a subsidiary of Goldcorp Inc. for a total of $15,744,000.

Steve Regoci, President, CEO & Director of Garibaldi Resources Corp. joins us to discuss the Grizzly Property in the Sheslay Valley of northwestern British Columbia.  The company recently expanded the size of the Property by nearly 50% to 262 sq. km through staking and the acquisition of the Hat East and Hat East 2 claims. The company is the largest landholder among juniors in this highly prospective, under-exploited new Cu-Au porphyry discovery area.

Next Biggest Winner will be releasing a never before seen episode each day all week. Watch season 2 episode 23 now

Posted by AGORACOM-JC at 10:04 AM on Wednesday, February 26th, 2014

TORONTO, ONTARIO - The Next Biggest Winner, a leading and nationally televised investment show focusing on small-cap and mid-cap companies, is pleased to release episode 23.

Episode 23 Guests

Brixton Metals (BBB: TSX-V))

Big North Graphite Corp (NRT: TSX-V)

Kivalliq Energy Corporation (KIV: TSX-V)

Gary Thompson, Chairman and CEO of Brixton Metals joins us to discuss the company’s 100 percent owned Thorn project which represents a potential district scale play which hosts several styles of mineralization related to porphyry and epithermal environments. Targets include high-grade silver-gold-lead-zinc-bearing diatreme-breccia zones and high-grade gold-silver-copper veins, porphyry copper-gold and intrusion related gold systems.

Spiro Kletas, President and CEO of Big North Graphite Corp takes the stage to discuss the company’s recently acquired three past producing amorphous graphite mines in Sonora, Mexico. The company is working towards accelerating the restart of the Nuevo San Pedro amorphous graphite mine. Big North is currently in the Test Mining phase at Nuevo San Pedro and has completed sales of amorphous graphite totaling 760 tons to date.

Jim  Patterson Chairman and CEO of Kivalliq Energy Corporation joins us to discuss the company’s flagship project, the 340,268 acre Angilak Property in Nunavut Territory, hosts the Lac 50 Trend with a NI 43-101 Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds U3O8. Kivalliq’s comprehensive exploration programs continue to advance the Lac 50 Trend and demonstrate the “District Scale” potential of the Angilak Property. Kivalliq’s team of northern exploration specialists have forged strong relationships with sophisticated resource sector investors and Angilak Property partner Nunavut Tunngavik Inc. (“NTI”).

Next Biggest Winner will be releasing a never before seen episode each day all week. Watch season 2 episode 22 now

Posted by AGORACOM-JC at 12:25 PM on Tuesday, February 25th, 2014

TORONTO, ONTARIO - The Next Biggest Winner, a leading and nationally televised investment show focusing on small-cap and mid-cap companies, is pleased to release episode 22.

Episode 22 Guests

Lomiko Metals (LMR: TSX-V)

North American Nickel (NAN: TSX-V)

VMS Ventures (VMS: TSX-V)

Virtutone Networks (VFX: TSX-V)

Paul Gill, CEO of Lomiko Metals joins us to discuss the Quatre Milles Property. Paul also touches on the formation of Graphene 3D Labs Inc. to focus on the development of high-performance graphene-enhanced materials for 3D Printing.

Rick  Mark, CEO & Chairman of North Shore Mining Group joins us to discuss VMS Ventures and North North American Nickel.  North American Nickel ‘s 100% owned properties are in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt. VMS Ventures Inc. is  focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba.

Jason  Allen, President and CEO of Virtutone Networks. Leading supplier of managed telecommunication services, including: Voice over IP services, Fax over IP services, Hosted PBX services, DSL & T1 data circuits, wireless solutions for mobile work forces and SCADA networks, and network management and IT-related products. The company generated over $9.2M in revenues during January 2014.