Leading Edge Arranges $2-million Financing

Leading Edge announces C$2 million non-brokered private placement.
Leading Edge Materials Corp.(TSXV:LEM) (OTCQB:LEMIF) has arranged a proposed private placement offering of up to 4.45 million units of the company, at a price of 45 cents per unit, for gross proceeds of up to $2,002,500. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will be exercisable to acquire one additional share, at a price of 70 cents per share, for a period of three years from the closing date of the offering.
Finders’ fees may be payable on a portion of the offering.
The securities to be issued pursuant to the offering will be subject to a four-month hold period under applicable securities laws in Canada.
The company intends to use the net proceeds from the offering to advance testwork toward the production of high-purity graphite at the Woxna graphite project, to further lithium and cobalt exploration activities, and for general corporate requirements. Proceeds from the offering will allow an accelerated work program during 2017.
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