Leading Edge Materials Corp announced non-brokered private placement of up to 21,739,130 units at a issue price of CAD 0.115 per unit for aggregate gross proceeds of up to CAD 2,500,000, includes participation of Canadian, Nordic and other international investors on August 11, 2023. Each unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder to purchase one common share at a price of CAD 0.225 per warrant share until the date which is four years from the closing date of the transaction.

The Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued under the transaction, including securities issuable on exercise of the Warrants, will be delivered from Canada and are subject to a hold period expiring four months and one day from the closing Date. The minimum investment for European Economic Area investors in the Private Placement will be an amount equivalent to at least EUR 100,000.The finders fees may be payable on a portion of the Private Placement.