Leading Edge Announces Closing of Non- Brokered Private Placement
Leading Edge Announces Closing of Non-
Brokered Private Placement
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE
UNITED STATES
OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./
VANCOUVER
,
Nov. 21, 2018
/CNW/ -
Leading Edge Materials Corp.
("
Leading Edge Materials
"
or the
"Company
") (
TSXV: LEM
) (
Nasdaq First North: LEMSE
) (
OTCQB: LEMIF
) is pleased to
announce that it has closed its previously announced non-brokered private placement (the
"
Offering
"), pursuant to which it has issued an aggregate of 6,027,855 units (each a "
Unit
") at a
price of
$0.28
per Unit for gross proceeds of approximately
$1,687,799.40
. Each Unit was
comprised of one common share of the Company (a "
Common Share
") and one common share
purchase warrant, with each warrant exercisable into one Common Share of the Company at a price
of
$0.37
until
November 21, 2021
(a "
Warrant
").
In connection with the Offering, the Company paid a total of
$6,384
in cash to eligible finders who
introduced subscribers to the Offering.
All securities issued under the Offering, including securities issuable on exercise of the Warrants,
were delivered from
Canada
and are subject to a hold period expiring
March 22, 2019
. The minimum
investment for European Economic Area ("
EEA
") investors in the Offering was an amount equivalent
to at least
EUR 100,000
.
Mr.
Blair Way
, President and CEO, commented, "We are pleased to have met our objectives for this
financing given the current market conditions."
The Company intends to use the net proceeds from the Offering to continue to advance the Woxna
graphite production facility to meet the demands of the lithium ion battery market, to further
exploration activities on other critical materials for the energy storage market and for general
working capital purposes.
The securities have not been and will not be registered under the U.S. Securities Act of 1933, as
amended (the "
U.S. Securities Act
"), or any U.S. state securities laws, and may not be offered or
sold in
the United States
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.
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
This information is inside 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
21 November, 2018
at 15:30
Vancouver
time.
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.
Reader Advisory
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 use of proceeds from the Offering. 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,
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 Offering 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 Directive 2003/71/EC as amended (the
"Prospectus Directive"). Leading Edge Materials has not authorised 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 Offering. In any EEA Member State, this communication is only addressed to
and is only directed at qualified investors in that Member State within the meaning of the Prospectus
Directive or investors with a minimum investment 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.]
SOURCE
Leading Edge Materials
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For further information:
please contact the Company at: 1.604.685.9316,
[email protected], www.leadingedgematerials.com
CO: Leading Edge Materials
CNW 18:30e 21-NOV-18