LEALDING EDGE MATERIALS CLOSES SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT
Leading Edge Materials Corp. (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) has closed the second and final tranche of its private placement, issuing 6,710,000 common shares at $0.10/share for gross proceeds of CAD$671,000. The placement includes Units consisting of one common share and one purchase warrant, with each warrant allowing the purchase of one common share at C$0.20 for four years from the closing date.
The company plans to use the net proceeds for its projects in Sweden and Romania, as well as for general working capital and corporate purposes. The private placement is subject to final approval from the TSX Venture Exchange, with securities subject to a hold period expiring on January 27, 2025. Notably, insiders purchased 16,500,000 Units, constituting a related party transaction under MI 61-101.
Leading Edge Materials Corp. (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) ha completato la seconda e ultima tranche del suo collocamento privato, emettendo 6.710.000 azioni ordinarie a $0,10/azione per un incasso lordo di CAD$671.000. Il collocamento include Unità costituite da un'azione ordinaria e un warrant d'acquisto, con ciascun warrant che consente l'acquisto di un'azione ordinaria a C$0,20 per quattro anni dalla data di chiusura.
L'azienda prevede di utilizzare i proventi netti per i suoi progetti in Svezia e Romania, così come per capitale di lavoro generale e scopi aziendali. Il collocamento privato è soggetto all'approvazione finale della TSX Venture Exchange, con i valori mobiliari soggetti a un periodo di blocco che scade il 27 gennaio 2025. È importante notare che gli insider hanno acquistato 16.500.000 Unità, costituendo una transazione con parti correlate secondo il MI 61-101.
Leading Edge Materials Corp. (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) ha cerrado la segunda y última tranche de su colocación privada, emitiendo 6,710,000 acciones ordinarias a $0.10/acción para ingresos brutos de CAD$671,000. La colocación incluye Unidades compuestas por una acción ordinaria y un warrant de compra, con cada warrant permitiendo la compra de una acción ordinaria a C$0.20 durante cuatro años a partir de la fecha de cierre.
La compañía planea utilizar los ingresos netos para sus proyectos en Suecia y Rumanía, así como para capital de trabajo general y propósitos corporativos. La colocación privada está sujeta a la aprobación final de la TSX Venture Exchange, con valores mobiliarios sujetos a un período de bloqueo que expira el 27 de enero de 2025. Notablemente, los insiders compraron 16,500,000 Unidades, constituyendo una transacción entre partes relacionadas bajo MI 61-101.
Leading Edge Materials Corp. (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF)은 두 번째이자 최종 사모 배정의 마감을 완료했습니다, 6,710,000주를 주당 $0.10에 발행하여 총 수익 CAD$671,000을 기록했습니다. 이 배정에는 일반주와 구매 보증으로 구성된 유닛이 포함되며, 각 보증서는 마감일로부터 4년 동안 C$0.20에 일반주를 구매할 수 있도록 합니다.
회사는 스웨덴 및 루마니아의 프로젝트와 일반 운영 자본 및 회사 용도로 순수익을 사용할 계획입니다. 사모 배정은 TSX Venture Exchange의 최종 승인을 받아야 하며, 증권은 2025년 1월 27일에 만료되는 잠금 기간에 해당합니다. 특히, 내부자들이 16,500,000 유닛을 구매했습니다, 이는 MI 61-101에 따라 관계자 거래로 간주됩니다.
Leading Edge Materials Corp. (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) a clôturé la deuxième et dernière tranche de son placement privé, émettant 6.710.000 actions ordinaires à 0,10 $/action pour des recettes brutes de 671 000 CAD. Le placement comprend des unités composées d'une action ordinaire et d'un bon de souscription, chaque bon permettant l'achat d'une action ordinaire à C$0,20 pendant quatre ans à compter de la date de clôture.
L'entreprise prévoit d'utiliser les produits nets pour ses projets en Suède et en Roumanie, ainsi que pour le fonds de roulement général et les besoins d'entreprise. Le placement privé est soumis à l'approbation finale de la TSX Venture Exchange, les valeurs mobilières étant soumises à une période de blocage expirant le 27 janvier 2025. Il est à noter que les initiés ont acheté 16.500.000 unités, constituant une transaction entre parties liées selon le MI 61-101.
Leading Edge Materials Corp. (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) hat die zweite und letzte Tranche seiner Privatplatzierung abgeschlossen und 6.710.000 Stammaktien zu $0,10/Aktie ausgegeben, was zu Bruttoeinnahmen von CAD$671.000 führt. Die Platzierung umfasst Einheiten, die aus einer Stammaktie und einem Kaufwarrant bestehen, wobei jeder Warrant den Kauf einer Stammaktie zu C$0,20 für vier Jahre ab dem Abschlussdatum ermöglicht.
Das Unternehmen plant, die Nettoerlöse für seine Projekte in Schweden und Rumänien sowie für allgemeine Betriebskosten und Unternehmenszwecke zu verwenden. Die Privatplatzierung unterliegt der finalen Genehmigung durch die TSX Venture Exchange, wobei die Wertpapiere einer Haltedauer bis zum 27. Januar 2025 unterliegen. Besonders erwähnenswert ist, dass Insider 16.500.000 Einheiten gekauft haben, was einen Transaktion mit nahestehenden Personen gemäß MI 61-101 darstellt.
- Raised CAD$671,000 in gross proceeds through private placement
- Warrants provide potential for additional future funding at C$0.20 per share
- Insider participation demonstrates confidence in the company
- Dilution of existing shareholders due to issuance of new shares
- Related party transaction with insiders purchasing a significant portion of the placement
LEADING EDGE MATERIALS CLOSES SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT
Vancouver, September 26, 2024 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) announces that the Company has closed the second and final tranche of the private placement announced previously on July 15, 2024, issuing 6,710,000 common shares at a price of
The common shares were issued as part of a unit (“Unit”) private placement. Each Unit will consist of one (1) common share (each, a “Common Share”) in the capital of the Company and one (1) Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share (a “Warrant Share”) at a price of C
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. A finder’s fee of
The securities issued pursuant to the second and final tranche of the Private Placement are subject to applicable statutory resale restrictions, including a hold period expiring on January 27, 2025, pursuant to applicable Canadian securities laws.
The Units sold in the Private Placement were offered by way of prospectus exemptions in Sweden. The minimum subscription and allotment amount for Sweden and the European Economic Area (“EEA”) investors in the Private Placement was an amount equivalent to at least EUR 100,000.
Insiders of the Company purchased a total of 16,500,000 Units under the Private Placement which constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relied 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, exceeded
The securities have not been, and will not be, registered under the U.S. Securities Act, or any United States state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable United States 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:
778-373-6727
info@leadingedgematerials.com
www.leadingedgematerials.com
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 lithium-ion batteries and permanent magnets for electric motors and wind power that underpin the sustainability transition of society. The portfolio of projects includes the
Additional Information
The information was submitted for publication through the agency of the contact person set out above, on September 26, 2024 at 3:00 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 news release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, changes in the Company’s intended use of proceeds from the Private Placement, successes of the operations of the Company, 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 the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
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FAQ
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