Leading Edge Materials (TSE:LEM) has released an update.
Leading Edge Materials Corp. has announced plans for a non-brokered private placement aimed at raising up to C$4,500,000 by issuing up to 45,000,000 units at C$0.10 each. The proceeds will be used to fund the company’s projects in Sweden and Romania, alongside general corporate purposes. Each unit will comprise one common share and a warrant, which entitles the holder to purchase an additional share at C$0.20 within four years from the closing date of the placement.
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