Lomiko Receives TSX Venture Approval to Invest $ 300,000 in Graphene 3D Lab Reverse Takeover
May 16 2014 - 4:11PM
Marketwired
Lomiko Receives TSX Venture Approval to Invest $ 300,000 in
Graphene 3D Lab Reverse Takeover
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 16, 2014) -
LOMIKO METALS INC.
(TSX-VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B)(Europe: ISIN:
CA54163Q1028, WKN: A0Q9W7,) (the "Company") announces that it has
received conditional approval from the TSX Venture Exchange to
invest, through its wholly owned subsidiary, $300,000 in a private
placement at .25 for 1,200,000 shares of Matnic Resources Inc.
("Matnic"), a public company that trades on the TSX Venture
Exchange (TSX-VENTURE:MIK). The transaction is subject to Matnic
receiving regulatory approval to a reverse takeover ("RTO") by
Graphene 3D Lab ("Graphene 3D").
In addition, Lomiko has created the new 100% owned subsidiary,
Lomiko Technologies Inc. ("Lomiko Tech"). The above investment will
be done through Lomiko Tech and will only proceed if the RTO
receives the approval of the Exchange. This transaction is further
to the Company's investment in Graphene 3D, as approved by the
Exchange on December 3, 2013. The Company made a $50,000 investment
for a 15% interest and was issued 250,000 Series "A" Preferred
stock of Graphene 3D. If the RTO is successful, Lomiko will
exchange its 250,000 shares of Graphene 3D to shares in the newly
formed graphene entity created through the RTO.
"This is an exciting time for graphene and 3D printing companies
with large multi-nationals such as Imerys, Samsung and General
Electric entering the market." stated A. Paul Gill, CEO, "Lomiko
Technologies allows Lomiko to invest in the future of 3D printing
and graphene while Lomiko Metals works toward a 43-101 graphite
resource in the near term."
On September 17, 2013, Lomiko and Graphene Labs reported that in
the first step of the conversion process of graphite to graphene,
natural graphite flakes were oxidized and turned into Graphene
Oxide ("GO") by a modified Hummer's method. The properties of
graphene, including its high conductivity, mechanical strength, and
high specific surface area, make it an ideal electrode
material.
On January 20, 2014 Graphene 3D Lab reached a significant
milestone by filing a provisional patent application for the use of
graphene-enhanced material, along with other materials, in 3D
Printing (Additive Manufacturing).
Additive Manufacturing is the process of creating a
three-dimensional, solid object from a digital file, of virtually
any shape. 3D printing is achieved using an additive process,
whereas successive layers of material are laid down and create
different shapes.
Adding graphene to polymers which are conventionally used in 3D
printing improves the properties of the polymer in many different
ways; it improves the polymers mechanical strength as well as its
electrical and thermal conductivity. The method described in the
provisional patent application allows consumers to use the polymer,
infused with graphene, together with conventional polymers in the
same printing process, thereby fabricating functional electronic
devices using 3D printing.
New developments in 3D printing will allow for the creation of
products with different components, such as printed electronic
circuits, sensors, or batteries to be manufactured. 3D Printing is
a new and promising manufacturing technology that has garnered much
interest, growing from uses in prototyping to everyday products.
Today, it is a billion dollar industry growing at a brisk pace
Graphene 3D Lab Inc. Background
Graphene 3D Laboratories Inc a spin-out of Graphene Laboratories
Inc, and Lomiko Metals and focuses on the development of
high-performance graphene-enhanced materials for 3D Printing. For
more information on Graphene 3D Labs, Inc, visit
www.graphene3Dlab.com
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.
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
Gill604-729-5312info@lomiko.comwww.lomiko.com
Lomiko Metals (QB) (USOTC:LMRMF)
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