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LEADING EDGE MATERIALS ANNOUNCES UP TO $4,000,000 NON-BROKERED PRIVATE PLACEMENT
Globenewswire· 2025-06-11 06:30
Core Viewpoint - Leading Edge Materials Corp. plans to conduct a non-brokered private placement of up to 25,000,000 units at a price of C$0.16 per unit, aiming for total gross proceeds of up to C$4,000,000 [2][3]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.32 until four years from the closing date [4]. - The company anticipates participation from certain insiders, which will be considered a related party transaction, but expects to rely on exemptions from formal valuation and minority shareholder approval requirements [5]. - The placement targets Canadian, Nordic, and other international investors, with all securities subject to a hold period of four months and one day from the closing date [6]. Group 2: Use of Proceeds - The net proceeds from the private placement will be allocated to the company's projects in Sweden and Romania, as well as for general working capital and corporate purposes [3]. Group 3: Regulatory and Compliance Information - The private placement is subject to necessary regulatory approvals, including that of the TSX Venture Exchange [6]. - The securities will not be registered under U.S. securities laws and cannot be offered or sold in the U.S. without registration or an applicable exemption [8][20].
Leading Edge Materials Announces Change of Swedish Certified Adviser to SVENSK KAPITALMARKADSGRANSKNING ("SKMG")
Globenewswire· 2025-06-09 21:30
Core Viewpoint - Leading Edge Materials Corp. has announced a change in its Certified Adviser to Svensk Kapitalmarkadsgranskning (SKMG) for the Nasdaq First North Growth Market in Stockholm, effective June 16, 2025 [1][2]. Company Overview - Leading Edge Materials is a Canadian public company focused on developing critical raw material projects in the European Union, which are essential for high-growth technologies such as lithium-ion batteries and permanent magnets [3]. - The company's portfolio includes the 100% owned Woxna Graphite mine in Sweden, the 100% owned Norra Kärr Heavy Rare Earth Elements project in Sweden, and a 51% owned Nickel Cobalt exploration alliance in Romania [3]. Transition Details - SKMG will take over the role of Certified Adviser from Mangold Fondkommission AB, which has been serving in this capacity since June 2018 [2]. - The company expressed gratitude to Mangold for their support during this period [2]. Additional Information - The announcement was made public on June 9, 2025, at 14:30 AM Vancouver time [4]. - Leading Edge Materials is listed on multiple exchanges, including TSXV under the symbol "LEM", OTCQB under "LEMIF", and Nasdaq First North Stockholm under "LEMSE" [4].