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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.
![Leading Edge Materials (CNW Group/Leading Edge Materials) Leading Edge Materials (CNW Group/Leading Edge Materials)](https://mma.prnewswire.com/media/769624/Leading_Edge_Materials_Leading_Edge_Announces__2_000_000_Non_Bro.jpg)
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