Bulletin Contents
Search
Home Page
 
Lomiko Metals Inc. 
Listed Company 

LOMIKO METALS INC. ("LMR")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: May 23, 2017
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation related to agreement dated March 15, 2017, between Lomiko Metals Inc. (the "Company") and engineering partners MegaHertz Power Systems Ltd. ("megahertz")and SHD Smart Home Devices Ltd. ("SHD") to accelerate the launch of the USB Spider Charger, whereby the Company will contribute to SHD any and all R&D, trademarks, it's e-commerce website, contacts and intellectual property (the "Lomiko Assets") created under it's previous license agreements with MegaHertz.
In consideration SHD will recognize the Lomiko Assets at a gross conditional value of $474,633 Cdn. and issue to Lomiko 659,213 common shares, at a deemed value of $0.72 per share, in lieu of cash payment for the Lomiko Assets. SHD shall assume all past, current and future obligations of Lomiko to MegaHertz under the License Agreements and the Addendum thereto, and MegaHertz agrees to accept the assumption by SHD of any and all such obligations of Lomiko to MegaHertz.

In addition, Lomiko shall either pay to SHD $150,000 Cdn or issue 600,000 common shares to receive an additional 208,333 shares of SHD common stock at the deemed price of $0.72 per share.

Further information on the transaction is available on the Company's SEDAR profile, in news releases dated March 20, and May 19, 2017
________________________________________