LeadFX Inc. announced that it has received CAD 5.969056 million in funding from Incor Energy Materials Limited
LeadFX Inc. (TSX:LFX) announced a private placement of 5,969,056 shares at a price of CAD 1 per share for gross proceeds of CAD 5,969,056 on May 7, 2019. The transaction included participation from returning investor Incor Energy Materials Limited which currently own 36,699,483 shares comprises 46.45% stake. Post closing of the transaction, the investor owns owns an aggregate of 42,668,539 common shares, representing approximately 50.21% of the issued outstanding common shares (assuming no exercise of any other warrants issued by the Issuer) and warrants to acquire up to an additional 129,131 common shares.