The two items or ‘news bitlets’ about Canadian nano business don’t amount to much; one concerns a letter of intent and the other, an offer of warrants (like stock options) which likely expired today (March 13, 2014).
It seems NanoStruck Technologies is continuing to make headway in Mexico (as per my Feb. 19, 2014 posting about the company’s LOI and gold mine tailings in Zacatecas state) as the company has signed another letter of intent (LOI), this time, to treat wastewater in the region of Cabo Corrientes. From a March 11, 2014 news item on Azonano,
NanoStruck Technologies Inc. (the “Company” or “NanoStruck”) announces the signing of a Letter of Intent (LOI) with the town of El Tuito to use the Company’s NanoPure technology to treat wastewater from the municipality of Cabo Corrientes in Mexico.
The parties are in dialogue for the treatment of household residual water, which contains food, biodegradable matter, kitchen waste and organic materials. The Company’s NanoPure solution uses chemical-free processes and proprietary nano powders that can be customised to remove such contaminants.
The March 10, 2014 NanoStruck Technologies news release (which originated the news item) link on the company website leads to the full text here on heraldonline.com (Note: Links have been removed),
Homero Romero Amaral, President of the Municipality of Cabo Corrientes said: “NanoStruck’s NanoPure technology is a proven solution for the treatment of residual water in an environmentally friendly way. Its low energy consumption means it also maintains a low carbon footprint.”
Bundeep Singh Rangar, Interim CEO and Chairman of the Board said: “We are privileged to be given the opportunity to work with the Cabo Corrientes municipality to create a long-term residual wastewater treatment solution.”
El Tuito is the capital of Cabo Corrientes, a cape on the Pacific coast of the Mexican state of Jalisco. It marks the southernmost point of the Bahía de Banderas (Bay of Flags), where the port and resort city of Puerto Vallarta is situated.
The Municipality and NanoStruck have commenced negotiation of a definitive agreement regarding the use of the NanoPure technology and hope to complete a binding agreement within 90 days.
LOMIKO METALS INC. (TSX VENTURE:LMR) (the “Company” or “Lomiko”) is pleased to announce that it has obtained a final receipt for its short form prospectus (the “Prospectus”) in each of the provinces of British Columbia, Alberta and Ontario, which qualifies the distribution (the “Public Offering”) of (i) a minimum of 6,818,182 units (the “Units”) and a maximum of 27,272,727 Units of the Company at a price of $0.11 per Unit, and (ii) a maximum of 7,692,308 flow-through units (the “Flow-Through Units”) of the Company at a price of $0.13 per Flow-Through Unit, for minimum total gross proceeds of $750,000 and maximum total gross proceeds of $4,000,000.
Each Unit consists of one common share of the Company (each, a “Common Share”) and one-half of one common share purchase warrant (each whole warrant being a “Unit Warrant”). Each Flow-Through Unit consists of one Common Share to be issued on a “flow-through” basis within the meaning of the Income Tax Act (Canada) (each a “Flow-Through Share”) and one-half of one common share purchase warrant (each whole warrant being a “Flow-Through Unit Warrant”).
Each Unit Warrant will entitle the holder thereof to purchase one common share of the Company (the “Unit Warrant Shares”) at a price of $0.15 per Unit Warrant Share at at any time before the date that is 18 months following the closing date of the Public Offering. Each Flow-Through Unit Warrant will entitle the holder thereof to purchase one common share of the Company (the “Flow-Through Unit Warrant Shares”) at a price of $0.20 per Flow-Through Unit Warrant Share at at any time before the date that is 18 months following the closing date of the Public Offering. The Public Offering will be conducted on a “best effort” agency basis through Secutor Capital Management Corporation (the “Agent”), pursuant to an agency agreement dated March 6, 2014 (the “Agency Agreement”) between the Company and the Agent in respect of the Public Offering.
Pursuant to the Agency Agreement, the Company has also granted an over-allotment option to the Agent, exercisable for a period of 30 days following the closing of the Public Offering, in whole or in part, to purchase additional Units and Flow-Through Units in a maximum number equal to up to 15% of the number of Units and Flow-Through Units respectively sold pursuant to the Public Offering. In connection with the Public Offering, the Company will pay the Agent a cash commission equal to 8% of the gross proceeds of the Public Offering and grant compensation options to the Agent entitling it to purchase that number of common shares of the Company equal to 6% of the aggregate number of Units and Flow-Through Units issued and sold under the Public Offering (including the over-allotment option) for a period of 18 months following the closing date of the Public Offering, at a price of $0.11 per common share.
The Company is also pleased to announce it has received conditional approval from the TSX Venture Exchange for its previously announced concurrent non-brokered offering of up to 15,346,231 flow-through units (the “Private Placement Units”) for additional gross proceeds of $2,000,000 (the “Private Placement”). The securities underlying the Private Placement Units will be issued on the same terms as the securities underlying the Flow-Through Units to be issued under the Public Offering. The Company has agreed to pay to Secutor Capital Management Corporation a finder’s fee of 8% in cash and the issuance of a warrant to purchase the number of common shares of the Company equal to 6%, exercisable at $0.13 per share for 18 months from the date of issuance. The securities to be issued under the Private Placement will be subject to a four-month hold period from the closing date of the Private Placement.
The net proceeds from the Public Offering and the Private Placement will be used by Lomiko primarily in connection with the exploration program on the Quatre-Milles East and West mineral properties (Quebec), for business development and for working capital and general corporate purposes. In particular, the proceeds of the flow-through shares under the Public Offering and the Private Placement will be used by the Company to incur eligible Canadian Exploration Expenses as defined by the Income Tax Act (Canada).
Closing of the Public Offering and of the Private Placement is expected to occur on or about March 13, 2014, or such other date as the Agent and the Company may determine. The TSX Venture Exchange has conditionally approved the listing of the securities to be issued pursuant to the Public Offering and the Private Placement. The Public Offering and the Private Placement are subject to customary conditions and the final approval of the TSX Venture Exchange.
The Units, the Flow-Through Units and the Private Placement Units have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons unless the Units, the Flow-Through Units and the Private Placement Units are registered under the 1933 Act or pursuant to an applicable exemption from the registration requirements of the 1933 Act. This press release does not constitute an offer to sell, nor it is a solicitation of an offer of securities, nor shall there be any sale of securities in any state of the United States in which such offer, solicitation or sale would be unlawful.
You’re on your own with regard to determining how good an investment this company might be. The company’s March 10, 2014 newsletter does point to two analyses (although, again, you’re on your own as to whether or not these are reputable analysts), The first analyst is Gary Anderson (self-described as a Investor, trader, researcher, and writer- exclusively in 3D Printing Stocks.). He writes this in a Dec. 27, 2013 posting on 3DPrintingStocks.com,
I spend a great deal of time looking for what I believe are legitimate, undiscovered stocks in the 3D printing space because I believe that’s where the major gains will be over a 3-6 month period as they undergo discovery by the broader market.
The little-known penny stock [Lomiko Metals] I’m introducing today has legitimate upside potential for 3D printing investors based on four factors:
- The market for their product
- Current and potential future value of existing assets
- Supply and demand imbalance predicted
- Entrance into 3D printing materials market with an established leader
3D printing investors looking for a materials supplier as part of their 3D printing portfolio may want to consider Lomiko Metals. I believe there is limited downside risk at current levels due to the intrinsic value of the company’s hard assets in their Quatre Milles graphite property, and potential for significant share price appreciation due to the four factors discussed above.
Graphene has extraordinary potential as a game-changing material for 3D printing. Early movers like Lomiko Metals in partnership with Graphene Labs could become the beneficiaries of this amazing material’s potential as it becomes commercialized and utilized in 3D printed components and products that contain revolutionary properties.
Disclosure: I am long shares of Lomiko Metals. I received no compensation from Lomiko Metals or any third party for this article.