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Leading Edge Updates $2,000,000 Non-Brokered Private Placement
Leading Edge Updates $2,000,000 Non-Brokered Private Placement Canada NewsWire V...
About this update from Leading Edge Materials Corp.
[{"type":"text","content":"\n\n\n\nLeading Edge Updates $2,000,000 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, Nov. 7, 2018\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./\n VANCOUVER, Nov. 7, 2018 /CNW/ - Leading Edge Materials Corp. (\"Leading Edge Materials\" or the \"Company\") (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) as previously announced (see press release dated 15 Oct 2018), the Company is in discussions with various investors regarding a non-brokered $2,000,000 private placement (the \"Private Placement\") to raise proceeds for development of its European lithium ion battery materials portfolio and for general working capital purposes. Since the Private Placement was announced, global financial markets have experienced increased volatility, encouraging the Company to reprice the financing to better match investment sentiment.  \n\n \n \n\n \nUnder the modified terms of the Private Placement, Leading Edge Materials will issue up to 7,142,857 units (\"Units\") at a price of $0.28 per Unit, with each Unit consisting 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 $0.37 per Common Share until the date which is three (3) years from the closing of the Private Placement, which is expected to occur on or about November 30, 2018, but is at the discretion of the Company (the \"Closing Date\"). Leading Edge Materials will announce the outcome of the Private Placement post-Closing Date in a subsequent press release. The Private Placement is directed towards Canadian, Nordic and other international investors.  The repricing was determined by the Leading Edge Materials Boar...