VANCOUVER, Oct. 4, 2017 /CNW/ - Leading Edge
Materials Corp. ("Leading Edge Materials") or (the
"Company") (TSXV:LEM) (OTCQB: LEMIF) is pleased to announce
the filing of preliminary listing documents with Nasdaq Stockholm
AB for a proposed dual listing of its common shares on Nasdaq First
North Stockholm. If successful, the Company anticipates the listing
process shall be completed by late 2017.
Stockholm based capital market
advisory firm Remium Nordic AB has been appointed to serve as the
Company's financial advisor in connection with the dual
listing.
Leading Edge Materials has been encouraged by a steady increase
in interest from European investors over the past year. This
positive trend matches the growing European awareness of the rapid
global shift to electric mobility, and the need for secure critical
raw material supply chains if the European automotive industry is
to play a leading role.
Nasdaq First North Stockholm is a logical choice for a dual
listing of Leading Edge Materials, to both expand the Company's
European profile and broaden the European shareholder base.
With graphite, lithium, rare earth and cobalt assets located
in the Nordic region, Leading Edge Materials can deliver a unique
opportunity to European investors to take part in the high growth
lithium ion battery market.
The potential for wider dissemination of corporate information,
increased trading volume and higher exposure to prospective
European customers were considered by Leading Edge Materials in the
decision to dual list, which is anticipated to benefit both
existing and new shareholders.
Nasdaq Stockholm is a very
active market, with 56 new listings during H1 2017(1),
sophisticated institutional investors and an active retail base.
The Nordic region boasts the largest retail presence in the world
per capita, with small private investors and professional investors
taking an active role in the market.
Blair Way, President and CEO,
stated "Listing of Leading Edge Materials on Nasdaq First North
Stockholm is a natural next step as we build our business to serve
the specialty materials needs of the European Union."
On behalf of the Board,
"Blair Way"
Blair Way, President & CEO
About Leading Edge Materials
Leading Edge Materials was formed with our sights firmly focused
on the material demands of a once-in-a-generation revolution, as
the world shifts to the efficient production, storage and
preservation of low carbon energy. From the lithium batteries in
our electric vehicles to our ability to generate energy from the
sun, wind and waves LEM is focused on the green energy markets.
With a focus on Europe and assets
in innovation-rich Scandinavia, Leading Edge Materials is ideally
placed to play a pivotal role in the sustainable supply of critical
technology materials.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading
facility, operated by the different exchanges within Nasdaq Nordic
(Nasdaq First North Denmark is regulated as an alternative
marketplace). It does not have the legal status as an EU-regulated
market. Companies at Nasdaq First North are subject to the rules of
Nasdaq First North and not the legal requirements for admission to
trading on a regulated market. The risk in such an investment may
be higher than on the main market.
(1) https://globenewswire.com/news-release/2017/07/06/1039543/0/en/Nasdaq-s-Nordic-Exchanges-Achieve-Record-First-Half-of-the-Year-for-New-Listings.html
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.
Forward-Looking Information. This news release may
contain forward-looking statements and information based on current
expectations. These statements should not be read as guarantees of
future performance or results. Such statements involve known and
unknown risks, uncertainties and other factors that may cause
actual results, performance or achievements to be materially
different from those implied by such statements. Such statements
include but are not limited to, the Company's expectations,
completion and timing of the listing on the Nasdaq First North in
Stockholm; unexpected geological
conditions; exploration activities to advance other critical
material projects of the Company for energy storage markets, delays
in obtaining or failure to obtain necessary permits and approvals
from government authorities. Although such statements are based on
management's reasonable assumptions, there are risk factors which
could cause the Company's actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking information contained herein. All forward-looking
information herein is qualified in its entirety by this cautionary
statement, and the Company disclaims any obligation to revise or
update any such forward-looking information or to publicly announce
the result of any revisions to any of the forward-looking
information contained herein to reflect future results, events or
developments, except as required by law.
SOURCE Leading Edge Materials