LEADING EDGE MATERIALS ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS
April 25 2024 - 2:59PM
LEADING EDGE
MATERIALS ANNOUNCES RESULTS OF ANNUAL GENERAL
MEETING OF SHAREHOLDERS
Vancouver, April 25, 2024 – Leading Edge
Materials Corp. (“Leading Edge Materials”
or the “Company”) (TSXV: LEM)
(Nasdaq First North: LEMSE) (OTCQB:
LEMIF) (FRA: 7FL) announces the results
of the Company’s Annual General Meeting of Shareholders held on
April 25, 2024 (the “Meeting”).
A total of 84,326,601 common shares were
represented in person or by proxy at the Meeting, representing
44.16% of the votes attached to all outstanding common shares of
the Company as at the record date. All the matters submitted to the
shareholders, as set out in the Notice of Meeting and Information
Circular dated March 19, 2024, were voted in favour, including: (a)
fixing the size of the Board of the Company to three; (b) the
approval of the stock options plan, pursuant to which the Company
may grant stock options up to 10% of its issued and outstanding
common shares at the time of grant; and (c) the appointment of
D&H Group LLP, Chartered Professional Accounts, as the auditors
of the Company for the ensuing year. Messrs. Lars-Eric Johansson,
Daniel Major and Eric Krafft were re-elected to serve as directors
of the Company, with the percentage of votes cast for each director
as follows:
Nominee |
Votes For |
% For |
Votes Withheld |
% Withheld |
Lars-Eric Johansson |
84,262,345 |
99.92 |
64,256 |
0.08 |
Daniel Major |
84,261,841 |
99.92 |
64,760 |
0.08 |
Eric Krafft |
84,259,065 |
99.92 |
67,536 |
0.08 |
Additional details of the results of the Meeting are provided in
the Report of Voting Results filed under the Company’s profile on
SEDAR at www.sedarplus.com
The Company also announces granting of stock
options (the “Options”) to directors, officers and consultants of
the Company to purchase an aggregate of 9,650,000 common shares
(the “Optioned Shares”) of the Company, at exercise price of C$0.10
per Optioned Share, expiring on the date that is 5 years from the
date of grant for directors and officers and three years from the
date of grant for consultants. The Options will vest 33% on the
date of the grant, 33% one year after the date of grant and 34% two
years after the date of grant. The Options were issued pursuant to
the terms of the Company’s Option Plan.
On behalf of the Board of
Directors,Leading Edge Materials
Corp.
Eric Krafft, Interim CEO
For further information, please contact the Company
at:info@leadingedgematerials.com
www.leadingedgematerials.com
Follow usTwitter:
https://twitter.com/LeadingEdgeMtlsLinkedin:
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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 batteries for electromobility and energy
storage and permanent magnets for electric motors and wind power
that underpin the clean energy transition towards climate
neutrality. The portfolio of projects includes the 100% owned Woxna
Graphite mine (Sweden), Norra Karr HREE 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 April 25, 2024, at 12:00 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 CA@mangold.se 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, 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 the
policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this news release.
- 2024-04-25 LEM NR AGM Results and Stock Option Grant
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