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.
Contacts: Lomiko Metals Inc. A. Paul Gill 604-729-5312 firstname.lastname@example.org www.lomiko.com