The Board of L.O.M. Medical International and L.O.M. Laboratories Inc. are pleased to announce L.O.M. Laboratories Inc. has signed an Original Equipment Manufacturer Agreement with Shanghai Kindly Enterprise Development Group Co. Ltd (hereafter referred to as KDL) with their Head Office located in Shanghai, China.
The Original Equipment Manufacturers agreement is a significant milestone for L.O.M. as we have progressed to a commercially viable production safety syringe.
KDL will first manufacture up to 20,000 of our 3 mL Retractable Safety Syringe starting within the next two months using the Symbient Product Development prototype molds. These first production syringes will be used for US FDA, European CE, China CFDA certifications and for pre marketing in our commitment to distributors in world markets. L.O.M together with KDL is also progressing towards the manufacture of semi-automated and fully-automated assembly lines for large scale production of our product.
L.O.M. Laboratories Inc. is currently raising capital to fund the production equipment through a Private Placement of $7.00 Cdn. and the board has also decided to offer Shareholders and certain investors the opportunity to participate in a short Term Bridging Loan of $2,000,000 while concluding the Placement.
The terms and conditions are as follows:
• Loan Amount $2,000,000
• Security LOM Promissory Note for amount subscribed
• Interest. 8% pa payable quarterly in arrears
• Term 18 months from closing
• Warrants 15 warrants per $1,000 investment subscribed at $7.00 per share
If you are interested participating in the Private Placement please contact either via email at firstname.lastname@example.org or call:
Angelo Gentili 403-981-5566
Debbie Ulansky 604-616-6265
On behalf of the Board of Directors
President and CEO