LEADING EDGE MATERIALS ANNOUNCES UPDATE ON PRIVATE PLACEMENT
Leading Edge Materials Corp. (LEMIF) has received a 30-day extension from TSX Venture Exchange to close its private placement, with the new expiry date set for September 27, 2024. The company previously announced plans to raise up to C$4,500,000 through a non-brokered private placement of up to 45,000,000 units at C$0.10 per unit. Each unit consists of one common share and one warrant, with each warrant allowing the purchase of an additional share at C$0.20 for four years.
On July 23, 2024, the company closed the first tranche, issuing 34,400,000 common shares for gross proceeds of CAD$3,440,000. The funds will be used for projects in Sweden and Romania, as well as general working capital. The private placement is directed towards Canadian, Nordic, and other international investors, with a minimum investment of EUR 100,000 for EEA investors.
Leading Edge Materials Corp. (LEMIF) ha ricevuto un'estensione di 30 giorni dalla TSX Venture Exchange per chiudere il suo collocamento privato, con la nuova data di scadenza fissata per il 27 settembre 2024. L'azienda aveva precedentemente annunciato piani per raccogliere fino a C$4,500,000 attraverso un collocamento privato non mediato fino a 45,000,000 unità a C$0.10 per unità. Ogni unità è composta da una azione comune e un warrant, con ciascun warrant che consente l'acquisto di un'ulteriore azione a C$0.20 per quattro anni.
Il 23 luglio 2024, l'azienda ha chiuso il primo lotto, emettendo 34,400,000 azioni comuni per proventi lordi di CAD$3,440,000. I fondi saranno utilizzati per progetti in Svezia e Romania, oltre che per il capitale circolante generale. Il collocamento privato è rivolto a investitori canadesi, nordici e internazionali, con un investimento minimo di 100.000 EUR per gli investitori dello SEE.
Leading Edge Materials Corp. (LEMIF) ha recibido una extensión de 30 días de la TSX Venture Exchange para cerrar su colocación privada, con la nueva fecha de vencimiento establecida para el 27 de septiembre de 2024. La compañía había anunciado previamente planes para recaudar hasta C$4,500,000 a través de una colocación privada no mediada de hasta 45,000,000 unidades a C$0.10 por unidad. Cada unidad consiste en una acción común y un warrant, con cada warrant permitiendo la compra de una acción adicional a C$0.20 durante cuatro años.
El 23 de julio de 2024, la compañía cerró el primer tramo, emitiendo 34,400,000 acciones comunes por ingresos brutos de CAD$3,440,000. Los fondos se utilizarán para proyectos en Suecia y Rumanía, así como para el capital de trabajo general. La colocación privada está dirigida a inversores canadienses, nórdicos y otros inversores internacionales, con una inversión mínima de 100,000 EUR para los inversores del EEE.
Leading Edge Materials Corp. (LEMIF)는 TSX 벤처 거래소로부터 사모 배정을 마감하기 위해 30일의 연장을 받았으며, 새로운 만료일은 2024년 9월 27일로 설정되었습니다. 이 회사는 이전에 C$0.10에 45,000,000개의 유닛을 비브로커 방식으로 사모 배정을 통해 최대 C$4,500,000을 모금할 계획을 발표했습니다. 각 유닛은 하나의 보통주와 하나의 워런트로 구성되어 있으며, 각 워런트는 4년 동안 C$0.20에 추가 주식을 구매할 수 있도록 허용합니다.
2024년 7월 23일, 회사는 첫 번째 트랜치를 마감하고 CAD$3,440,000의 총 수익을 위해 34,400,000개의 보통주를 발행했습니다. 자금은 스웨덴과 루마니아의 프로젝트와 일반 운영 자본에 사용될 예정입니다. 사모 배정은 캐나다, 북유럽 및 기타 국제 투자자를 대상으로 하며, EEA 투자자에게는 최소 투자 금액이 100,000 EUR입니다.
Leading Edge Materials Corp. (LEMIF) a reçu une prolongation de 30 jours de la TSX Venture Exchange pour clore son placement privé, la nouvelle date d'expiration étant fixée au 27 septembre 2024. L'entreprise avait auparavant annoncé des plans pour lever jusqu'à 4 500 000 C$ par le biais d'un placement privé non intermédié de jusqu'à 45 000 000 d'unités à 0,10 C$ par unité. Chaque unité se compose d'une action ordinaire et d'un bon de souscription, chaque bon de souscription permettant l'achat d'une action supplémentaire à 0,20 C$ pendant quatre ans.
Le 23 juillet 2024, l'entreprise a clôturé la première tranche, émettant 34 400 000 actions ordinaires pour des produits bruts de 3 440 000 CAD. Les fonds seront utilisés pour des projets en Suède et Roumanie, ainsi que pour le fonds de roulement général. Le placement privé s'adresse aux investisseurs canadiens, nordiques et autres investisseurs internationaux, avec un investissement minimum de 100 000 EUR pour les investisseurs de l'EEE.
Leading Edge Materials Corp. (LEMIF) hat von der TSX Venture Exchange eine 30-tägige Fristverlängerung für den Abschluss seiner Privatplatzierung erhalten, mit einem neuen Ablaufdatum am 27. September 2024. Das Unternehmen hatte zuvor Pläne angekündigt, bis zu C$4.500.000 durch eine nicht vermittelte Privatplatzierung von bis zu 45.000.000 Einheiten zu einem Preis von C$0,10 pro Einheit zu beschaffen. Jede Einheit besteht aus einer Stammaktie und einem Warrant, wobei jeder Warrant den Kauf einer zusätzlichen Aktie zu C$0,20 über einen Zeitraum von vier Jahren ermöglicht.
Am 23. Juli 2024 schloss das Unternehmen die erste Tranche und gab 34.400.000 Stammaktien mit einem Bruttoerlös von CAD$3.440.000 aus. Die Mittel werden für Projekte in Schweden und Rumänien sowie für das allgemeine Betriebskapital verwendet. Die Privatplatzierung richtet sich an kanadische, nordische und andere internationale Investoren, mit einer Mindestinvestition von 100.000 EUR für EWR-Investoren.
- Raised CAD$3,440,000 in the first tranche of the private placement
- Potential to raise up to C$4,500,000 in total
- Funds to be used for projects in Sweden and Romania and working capital
- Potential dilution for existing shareholders due to new share issuance
- Extension of closing date may indicate challenges in completing the full placement
LEADING EDGE MATERIALS ANNOUNCES UPDATE ON PRIVATE PLACEMENT
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Vancouver, August 27, 2024 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) announces that further to its news release of July 15, 2024 regarding the plans to complete a private placement, TSX Venture Exchange has granted the Company a 30 day extension to close the private placement with the new expiry date for closing being September 27, 2024.
The Company’s news release dated July 15, 2024 contemplated a non-brokered private placement of up to 45,000,000 units (“Units”) at a price of C
On July 23, 2024 the Company closed the first tranche of the private placement announced previously on July 15, 2024 issuing 34,400,000 common shares at a price of
Leading Edge Materials intends to use net proceeds for the Company’s projects, located in Sweden and Romania and for general working capital and corporate purposes.
The Company expects certain insiders of the Company to participate in the Private Placement. Any participation by insiders in the Private Placement constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company expects to rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the fact that neither the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, would exceed
The Private Placement is directed towards Canadian, Nordic and other international investors. All securities issued under the Private Placement, including securities issuable on exercise of the Warrants, will be delivered from Canada and are subject to a hold period expiring four months and one day from the Closing Date. The minimum investment for European Economic Area (“EEA“) investors in the Private Placement will be an amount equivalent to at least EUR 100,000.
The Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
A finders’ fees may be payable on a portion of the Private Placement.
The securities have not been, and will not be, registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or sold in the U.S. or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
This news release is not a prospectus under Regulation (EU) 2017/1129 (the “EU Prospectus Regulation”). The Company has not authorized any offer of securities to the public (as defined in the EU Prospectus Regulation) in any EEA member state and no such prospectus has been or will be prepared in connection with the Private Placement.
On behalf of the Board of Directors,
Leading Edge Materials Corp.
Kurt Budge, CEO
For further information, please contact the Company at:
info@leadingedgematerials.com
www.leadingedgematerials.com
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About Leading Edge Materials
Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw material projects located in the European Union. Critical raw materials are determined as such by the European Union based on their economic importance and supply risk. They are directly linked to high growth technologies such as batteries for electromobility and energy storage and permanent magnets for electric motors and wind power that underpin the clean energy transition towards climate neutrality. The portfolio of projects includes the
Additional Information
This information is information that Leading Edge Materials Corp. (publ). is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above, at August 27, 2024 at 3:30 pm Vancouver time.
Leading Edge Materials is listed on the TSXV under the symbol “LEM”, OTCQB under the symbol “LEMIF” and Nasdaq First North Stockholm under the symbol “LEMSE”. Mangold Fondkommission AB is the Company’s Certified Adviser on Nasdaq First North and may be contacted via email CA@mangold.se or by phone +46 (0) 8 5030 1550.
Reader Advisory
This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Leading Edge Materials in any jurisdiction.
This news release may include forward-looking information that is subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking, including statements with respect to the closing of the Private Placement, the receipt of regulatory approvals, and the use of proceeds from the Private Placement. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking information include, but are not limited to, fluctuations in market prices, successes of the operations of the Company, the Company’s ability to close the Private Placement, the Company’s ability to obtain the required regulatory approvals, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Important information for EEA Investors
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Leading Edge Materials in any jurisdiction.
Any investment decision in connection with the Private Placement must be made on the basis of all publicly available information relating to the Company and the Company’s shares/Units. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This announcement does not purport to identify or suggest the risks (direct or indirect) which may be associated with an investment in the Company or the new shares/Units.
This press release is not a prospectus for the purposes of the EU Prospectus Regulation. Leading Edge Materials has not authorized any offer to the public of Units, shares or rights in any member state of the EEA and no prospectus has been or will be prepared in connection with the Private Placement. In any EEA Member State, the Private Placement will only be addressed to and is only directed at investors with a minimum subscription and allotment amount equivalent to at least EUR 100,000.
In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, “qualified investors” who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this document and should not act or rely on it.
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