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Leading Edge Materials Announces C$3,520,000 Non-Brokered Private Placement
Leading Edge Materials Announces C$3,520,000 Non-Brokered Private Placement Canada...
About this update from Leading Edge Materials Corp.
[{"type":"text","content":"\n\n\n\nLeading Edge Materials Announces C$3,520,000 Non-Brokered Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, July 27, 2020\n\n\n\n/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. 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./\n VANCOUVER, BC, July 27, 2020 /CNW/ - Leading Edge Materials Corp. (\"Leading Edge Materials\" or the \"Company\") (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) announces the intent to complete a non-brokered private placement of up to 32,000,000 units (\"Units\") at a price of C$0.11 per Unit for aggregate gross proceeds of up to C$3,520,000 (the \"Private Placement\"). The Private Placement is expected to close on or about August 12, 2020.\n\n \n \n \n \n \n \n\n \nLeading Edge Materials intends to use net proceeds for the Company's projects, located in Sweden and Romania and for general working capital and corporate purposes.\nEach 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 (a \"Warrant Share\") at a price of C$0.20 per Warrant Share until the date which is four (4) years from the closing date of the Private Placement (the \"Closing Date\").\nThe Company expects certain insiders of the Company to participate in the Private Placement. Any participation by insiders in the Private Placement constitutes a \"related party transaction\" as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). However, the Company expects to rely on exemptions from the fo...