Decision Received from Nasdaq Stockholm Exchange Disciplinary Committee
Decision Received from Nasdaq Stockholm Exchange
Disciplinary Committee
VANCOUVER
,
Oct. 3, 2018
/CNW/ -
Leading Edge Materials Corp.
("
Leading Edge Materials
") or (the
"Company
") (
TSXV: LEM
)
(
Nasdaq First North: LEMSE
) (
OTCQB: LEMIF
) has received a decision from the Nasdaq Stockholm Exchange Disciplinary
Committee (the "Committee"), in accordance with the Nasdaq Stockholm First North Rule Book, relating to a breach in the timing and
dissemination of the Company's quarterly financial statements and report for the period ending
January 31, 2018
(the "Quarterly
Report"), whereby the Company is required to pay a fine of approximately
CAD$25,000
.
The Committee concluded that there was a considerable delay through the various channels of dissemination (SEDAR, wire service to
North America
, wire service to
Europe
and the Company's website) used for the Quarterly Report; the full Quarterly Report was not
attached as a pdf to the wire service in
Europe
; and the Quarterly Report was filed on
April 4
th
, 2018, instead of
March 28
th
, 2018.
The Company has since taken the necessary steps to strengthen and improve its internal processes and manage the dissemination of
information.
The Committee's decision with full details is expected to be published on Nasdaq Stockholm's website on
October 4
th
, 2018 and can
be found here
Nasdaq
Stockholm
- Committee Decision
.
On behalf of the Board of Directors,
Leading Edge Materials Corp.
Mr.
Blair Way
, President and CEO
About Leading Edge Materials
Leading Edge Materials is a Canadian public company focused on production of high value critical raw materials for the European
market, with an operating base in the Nordic region, a region well recognized for its promotion and investment in innovation. LEM's
flagship asset is the Woxna Graphite production facility located in central
Sweden
targeting the supply of specialty materials for lithium
ion battery production. LEM's assets and research focus are towards the raw materials for Li-ion batteries (graphite, lithium, cobalt);
materials for high thermal efficiency building products (graphite, silica, nepheline); and materials that improve the efficiency of energy
generation (dysprosium, neodymium, hafnium). Investments are linked to the global shift to low-carbon energy generation and energy
storage. Leading Edge Materials currently operate in four divisions, Graphite, Lithium, Rare Earth and Cobalt. Mangold
Fondkommission AB is the company's Certified Adviser ("CA") as part of the listing requirements for Nasdaq First North.
Additional Information
Leading Edge Materials is listed on the TSXV under the symbol "LEM" and Nasdaq First North Stockholm under the symbol "LEMSE".
Mangold Fondkommission AB is the Company's CA on Nasdaq First North and may be contacted at +46 (0) 8 5030 1550.
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
.
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SOURCE
Leading Edge Materials
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/October2018/03/c7507.html
%SEDAR: 00031410E
For further information:
please contact the Company at: 1.604.685.9316, [email protected],
www.leadingedgematerials.com
CO: Leading Edge Materials
CNW 18:05e 03-OCT-18