LEADING EDGE MATERIALS CLOSES SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT
Vancouver, September 26, 2024 “ Main Edge Supplies Corp. (Main Edge Supplies or the Firm) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) proclaims that the Firm has closed the second and closing tranche of the non-public placement introduced beforehand on July 15, 2024, issuing 6,710,000 frequent shares at a value of $0.10/share for gross proceeds of CAD$671,000.
The frequent shares had been issued as a part of a unit (Unit) non-public placement. Every Unit will consist of 1 (1) frequent share (every, a Widespread Share) within the capital of the Firm and one (1) Widespread Share buy warrant (a Warrant). Every Warrant will entitle the holder to buy one Widespread Share (a Warrant Share) at a value of C$0.20 per Warrant Share till the date which is 4 (4) years from the cut-off date of the Non-public Placement (the Closing Date).
Main Edge Supplies intends to make use of internet proceeds for the Firm’s initiatives, situated in Sweden and Romania and for common working capital and company functions. A finder’s charge of 6% was paid to arm’s size third get together on a portion of the Non-public Placement. The Non-public Placement is topic to closing approval from the TSX Enterprise Alternate (the Alternate).
The securities issued pursuant to the second and closing tranche of the Non-public Placement are topic to relevant statutory resale restrictions, together with a maintain interval expiring on January 27, 2025, pursuant to relevant Canadian securities legal guidelines.
The Items bought within the Non-public Placement had been supplied by the use of prospectus exemptions in Sweden. The minimal subscription and allotment quantity for Sweden and the European Financial Space (EEA) traders within the Non-public Placement was an quantity equal to at the least EUR 100,000.
Insiders of the Firm bought a complete of 16,500,000 Items below the Non-public Placement which constitutes a associated get together transaction as outlined below Multilateral Instrument 61-101 “ Safety of Minority Safety Holders in Particular Transactions (MI 61-101). The Firm relied on exemptions from the formal valuation and minority shareholder approval necessities of MI 61-101 based mostly on the truth that neither the honest market worth of the Items subscribed for by the insiders, nor the consideration for the Items paid by such insiders, exceeded 25% of the Firm’s market capitalization as decided in accordance with MI 61-101.
The securities haven’t been, and won’t be, registered below the U.S. Securities Act, or any United States state securities legal guidelines, and might not be supplied or bought in the US or to, or for the account or advantage of, U.S. individuals absent registration or an relevant exemption from the registration necessities of the U.S. Securities Act and relevant United States state securities legal guidelines. This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase securities in the US, nor shall there be any sale of those securities in any jurisdiction during which such supply, solicitation or sale could be illegal.
This information launch is just not a prospectus below Regulation (EU) 2017/1129 (the EU Prospectus Regulation). The Firm has not approved any supply of securities to the general public (as outlined within the EU Prospectus Regulation) in any EEA member state and no such prospectus has been or will likely be ready in reference to the Non-public Placement.
On behalf of the Board of Administrators,
Main Edge Supplies Corp.
Kurt Budge, CEO
For additional info, please contact the Firm at:
778-373-6727
information@leadingedgematerials.com
www.leadingedgematerials.com
About Main Edge Supplies
Main Edge Supplies is a Canadian public firm targeted on creating a portfolio of crucial uncooked materials initiatives situated within the European Union. Vital uncooked supplies are decided as such by the European Union based mostly on their financial significance and provide danger. They’re immediately linked to excessive development applied sciences corresponding to lithium-ion batteries and everlasting magnets for electrical motors and wind energy that underpin the sustainability transition of society. The portfolio of initiatives consists of the 100% owned Woxna Graphite mine (Sweden), Norra Kärr HREE challenge (Sweden), Bergby lithium challenge (Sweden) and the 51% owned Bihor Sud Nickel Cobalt exploration alliance (Romania).
Further Info
The data was submitted for publication by way of the company of the contact particular person set out above, on September 26, 2024 at 3:00 PM Vancouver time.
Main Edge Supplies is listed on the TSXV below the image LEM, OTCQB below the image LEMIF and Nasdaq First North Stockholm below the image LEMSE. Mangold Fondkommission AB is the Firm’s Licensed Adviser on Nasdaq First North and could also be contacted through electronic mail CA@mangold.se or by telephone +46 (0) 8 5030 1550.
Reader Advisory
This information launch might comprise statements which represent forward-looking info, together with statements concerning the plans, intentions, beliefs and present expectations of the Firm, its administrators, or its officers with respect to the long run enterprise actions of the Firm. The phrases might, would, might, will, intend, plan, anticipate, imagine, estimate, anticipate and related expressions, as they relate to the Firm, or its administration, are supposed to establish such forward-looking statements. Traders are cautioned that any such forward-looking statements should not ensures of future enterprise actions and contain dangers and uncertainties, and that the Firm’s future enterprise actions might differ materially from these within the forward-looking statements on account of varied components, together with, however not restricted to, fluctuations in market costs, modifications within the Firm’s supposed use of proceeds from the Non-public Placement, successes of the operations of the Firm, continued availability of capital and financing and common financial, market or enterprise circumstances. There will be no assurances that such info will show correct and, due to this fact, readers are suggested to depend on their very own analysis of such uncertainties. The Firm doesn’t assume any obligation to replace any forward-looking info besides as required below the relevant securities legal guidelines.
Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) settle for duty for the adequacy or accuracy of this information launch.
- LEM – Information Launch Saying the Closing of Last Tranche
Supply: Main Edge Supplies Corp.