Lomiko Metals announced that it has successfully completed its previously announced public offering. The company sold shares and warrants worth $5,520,800 (CAD, or almost $5 million USD) in the public offering.
Lomiko will use this money primarily for the exploration program on the Quatre-Milles East and West mineral properties (in Quebec), for business development and for working capital and general corporate purposes. Lomiko is also involved in several graphene related initiatives, together with Graphene Labs. On November 22, 2013 Lomiko and Graphene Labs announced the formation of Graphene 3D Lab to focus on the development of high-performance graphene-enhanced materials for 3D Printing.