On August 23, 2023, Leading Edge Materials Corp has closed the transaction. The company has issued 21,739,130 units at a price of CAD 0.115 per unit for aggregate gross proceeds of CAD 2,500,000 with the participation of Insider. The Insiders of the company purchased a total of 12,052,173 units under the Transaction. The Transaction included participation from Individual investor, Eric Krafft for 10,352,173 common shares. A finder's fee of 7% was paid to arm's-length third parties on a portion of the transaction. The securities issued pursuant to the transaction are subject to applicable statutory resale restrictions, including a hold period expiring on December 24, 2023, pursuant to applicable Canadian securities laws.

On October 23, 2023, the company announced that the transaction has been approved by the TSX Venture Exchange. The transaction included participation from 10 placees. The total insider involvement is CAD 12,052,173 from two insiders. The company paid finder's fees of CAD 20,930 in cash and issued 7,000 warrants.