Lomiko Metals says holders of 23% of shares sign support deals for GBM buyout at C$ 0.13 per share

Reuters2026/08/07 11:30

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Global Battery Materials agreed to buy Lomiko for cash consideration of C$ 0.13 per share via a court-approved plan of arrangement.
Additional voting and support agreements cover 3,747,444 shares, lifting committed support to about 22.9% of outstanding shares.
The related loan facility carries 8% annual interest, with an option to capitalize monthly interest into principal.
TSX Venture Exchange granted conditional approval for the loan facility; an initial drawdown is expected on Aug. 7, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lomiko Metals Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608070730BIZWIRE_USPR_____20260806_BW947374) on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Lomiko Metals says holders of 23% of shares sign support deals for GBM buyout at C$ 0.13 per share

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