LOMIKO TECHNOLOGIES RECEIVES LOAN FROM GRAPHENE ESD FOR $ 110,000 USD
Lomiko Metals Inc. (TSX-V: LMR; OTC: LMRMF; FSE: DH8B, Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the "Company") announces that its wholly owned subsidiary, Lomiko Technologies Inc., has received a loan in the amount of US $110,000 from Graphene ESD. Corp. of 48 N Suffolk Drive, Rocky Point, NY 11778, USA (“Graphene”). The loan bears 1% interest per annum and is payable on demand, but not on or before May 6, 2016. No bonus shares or finder’s fee will be payable.
Lomiko Technologies and Graphene have collaborated with the Research Foundation of Stony Brook University, NY to investigate novel, energy-focused applications for graphene through Graphene ESD Corp. Under this collaboration, the Company invested $200,000 and has a 40% interest in this venture. Lomiko will utilize the funds to manufacture and market the USB Spider Charger and LED Driver electronic gadgets (both licensed products from Megahertz Power Systems) and also for general working capital. For more information on refer to the Company’s press release dated November 3, 2015 and filed on SEDAR at www.sedar.com under the “search database” “public company”.
A. Paul Gill is a director of both the Company, Lomiko Technologies and Graphene. The terms of the loan are subject to regulatory approval. For more information, review the website at www.lomiko.com, or contact A. Paul Gill at 604-729-5312 or by email at: email@example.com.
ON BEHALF OF THE BOARD LOMIKO METALS INC.
Jacqueline Michael, Chief Financial Executive Officer
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