NEW YORK, NEW YORK, Dec 03, 2014 (Marketwired via COMTEX) — Lomiko Metals Inc. (“Lomiko”) (TSE-LMR)(otcqx:LMRMF)(frankfurt:DH8B)
is very pleased to announce it has
signed an agreement to invest in a new graphene-related venture, Graphene Energy Storage
Devices (Graphene ESD Corp.), a U.S. Corporation. On December 4, 2013,
Lomiko reported on a successful conclusion to Phase I of its Graphene Supercapacitor Project which involved Graphene Laboratories Inc. and
Stony Brook University. Graphene ESD Corp. has been formed to
commercialize the technology and bring the graphene-based energy storage devices to market.
Supercapacitors bridge the gap between conventional capacitors and rechargeable batteries. They store the most energy per unit volume or mass (energy
density) among capacitors. Supercapacitors power density is generally
10 to 100 times greater than normal capacitors or batteries. This
results in much shorter charge/discharge cycles than batteries.
Additionally, they will tolerate many more charge and discharge cycles
Incorporation of graphene material in supercapacitor
electrodes may further improve energy and power density of the device.
Graphene ESD Corp. will develop low-cost graphene-based supercapacitor devices that will be capable of even higher discharge currents. The
development will focus on large-scale devices that are projected to have
the lowest cost of power and stored energy in its class.
“As reported December 4, 2013, the Phase I Graphene Supercapacitor
project yielded encouraging results. Graphene ESD Corp. will build on
the success of this project and will be developing a graphene-based
supercapacitor. The device is designed as a versatile energy storage solution for electronics, electric vehicles
and electric grid.” stated A. Paul Gill, CEO of Lomiko Metals Inc.
Graphene ESD Corp. will issue and Lomiko will purchase for $ 182,286
USD, 1,800 shares (the “Shares”) of its Series A Preferred Stock (the
“Stock”) at a purchase price of US$ 101.27 per share.
The dividend, conversion rights and liquidation preference of the
Series A Preferred Stock are set forth in the Certificate of
Incorporation attached as Exhibit “A” to the Agreement to be submitted
to the TSX Venture Exchange and filed on Sedar. Upon completion, the authorized capital of the Company consists of:
(a) 3,200 shares of Common Stock, par value $0.0001 per share (“Common
Stock”), 2,700 shares of which are issued and outstanding.
(b) 1,800 shares of Preferred Stock, par value $0.0001 per share
(“Preferred Stock”), all of which have been designated Series A
Convertible Preferred Stock and are pending the approval and completion
of the current transaction.
The transaction is subject to all required approvals of the TSX-Venture
Exchange, and Lomiko agrees to apply for, and use reasonable commercial
efforts to obtain, such approval immediately following the execution of
For more information on Lomiko Metals, review the website at www.lomiko.com
For more information on Graphene ESD Corp. please visit the website at www.graphene-esd.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
Lomiko Metals Inc.
A. Paul Gill
Graphene ESD Corp.
SOURCE: Lomiko Metals Inc.
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