LEADING EDGE MATERIALS CORP. ("LEM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 23, 2023
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on August 11, 2023.
Number of Shares: 21,739,130 shares
Purchase Price: $0.115 per share
Warrants: 21,739,130 share purchase warrants to purchase 21,739,130 shares
Warrant Exercise Price: $0.225 for a four-year period
Number of Placees: 10 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 2 12,052,173
Aggregate Pro Group Involvement: N/A N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $20,930 N/A 7,000
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.225 for period of two years from the date of issuance.
The Company issued a news release on August 23, 2023 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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