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Leading Edge Materials Announces Closing Of C$3,520,000 Non-Brokered Private Placement and New Control Person
Leading Edge Materials Announces Closing Of C$3,520,000 Non-Brokered Private Placement and...
About this update from Leading Edge Materials Corp.
[{"type":"text","content":"\n\n\n\nLeading Edge Materials Announces Closing Of C$3,520,000 Non-Brokered Private Placement and New Control Person\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, Aug. 7, 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, Aug. 7, 2020 /CNW/ - Leading Edge Materials Corp. (\"Leading Edge Materials\" or the \"Company\") (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) announces the closing of the non-brokered private placement financing (the \"Private Placement\") previously announced on July 27, 2020. Pursuant to the Private Placement, the Company has issued 32,000,000 units (the \"Units\") at a price of C$0.11 per Unit for aggregate gross proceeds of C$3,520,000. Each Unit consists of one Common Share and one common share purchase warrant (a \"Warrant\"). Each Warrant is exercisable into one common share of the Company (a \"Warrant Share\") at an exercise price of C$0.20 for a period of four years expiring on August 7, 2024.\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. No finder's fees or commissions were paid in connection with the Private Placement. The Private Placement is subject to final approval from the TSX Venture Exchange (the \"Exchange\").\nFilip Kozlowski, CEO states: \"I am pleased to announce the closing of this Private Placement with continued support from insiders and long-term shareholders. The funds raised will provide a solid foundation for us to progress development of our projects in Sweden and Romania at a time...