Leading Edge Materials Closes Second and Final Tranche of Private Placement
NEWS RELEASE September 26, 2024
LEADING EDGE MATERIALS CORP.
14th Floor 1040 West Georgia Street, Vancouver, BC, V6E 4H1
[email protected] | www.leadingedgematerials.com
TSX.V: LEM | Nasdaq First North: LEMSE | OTCQB: LEMIF | FRA: 7FL
TSX.V: LEM | Nasdaq First North: LEMSE | OTCQB: LEMIF
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 $0.10/share for gross proceeds of CAD$671,000.
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$0.20 per Warrant Share until the date which is four (4) years
from the closing date of the Private Placement (the “Closing Date”).
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 6% was paid to
arm’s length third party on a portion of the Private Placement. The Private Placement is subject to final
approval from the TSX Venture Exchange (the “Exchange”).
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 25% of the Company’s market capitalization as
determined in accordance with MI 61-101.
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.
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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
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
100% owned Woxna Graphite mine (Sweden), Norra Kärr HREE project (Sweden), Bergby lithium
project (Sweden) and the 51% owned Bihor Sud Nickel Cobalt exploration alliance (Romania).
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 [email protected] 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.
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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.