Leading Edge Announces $2,000,000 Non- Brokered Private Placement
Leading Edge Announces $2,000,000 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
,
Oct. 15, 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 intends to complete a non-brokered private placement of up to 5,714,285 units
("
Units
") at a price of
$0.35
per Unit for aggregate gross proceeds of up to approximately
$2,000,000
(the "
Private Placement
"). The Company intends to use the proceeds from the Private
Placement for corporate development and general working capital purposes. Closing of the Private
Placement is expected to occur on or about
October 31, 2018
(the "
Closing Date
") but is at the
discretion of the Company. The Company will announce the outcome of the Private Placement after
closing in a subsequent press release.
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 at a price of
$0.50
per Common Share until the date which
is three (3) years from the Closing Date.
The offering is directed towards Canadian, Nordic and other international investors. Pricing was
determined by the board based on the closing price for the Common Shares on the date prior to
announcement of the Private Placement and in compliance with regulatory policies. All securities
issued under the Private Placement, including securities issuable on exercise of the common share
purchase 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 amount 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.
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
15 October, 2018
at 16:30
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 closing of the Private Placement, 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, 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 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 Private Placement. 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 19:30e 15-OCT-18