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Lomiko Transfers Graphene ESD Shares to 100% Owned Subsidiary Lomiko Technologies

13.04.2015  |  Globenewswire Europe

Lomiko Metals Inc. / Lomiko Transfers Graphene ESD Shares to 100% Owned Subsidiary Lomiko Technologies . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

VANCOUVER, British Columbia, April 13, 2015 (GLOBE NEWSWIRE) -- Lomiko Metals Inc. (TSX-V:LMR) (OTCQX:LMRMF) (FSE:DH8B) ("Lomiko") is a founding shareholder of Graphene Energy Storage Devices ("Graphene ESD") and controls 40% of this R&D company (link). On February 23, 2015, Graphene ESD signed a research agreement with the Research Foundation of Stony Brook University (SBU) (link). Graphene ESD Corp. will partner with the SBU Center for Advanced Sensor Technologies (Sensor CAT) to develop new supercapacitors designs for energy storage. As a result of this new development, Graphene ESD will not seek to raise further funds through an IPO.

In order to better organize the company's assets, Lomiko Metals Inc. will transfer its shares in Graphene ESD to its 100%-owned subsidiary Lomiko Technologies. Lomiko is currently considering various options to launch Lomiko Technologies that would best reward shareholders. The priority is to minimize disruption of the progress, current work and momentum of the two companies.

Lomiko Highlights:

For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com

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.




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Source: Lomiko Metals Inc. via Globenewswire
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