Mr. Eric Krafft Reports Exercise of Warrants of Leading Edge Materials Corp.
NOT FOR DISTRIBUTION TO UNITED STATES NEWWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE
- NOT FOR DISTRIBUTION TO UNITED STATES NEWWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE
Mr. Eric Krafft Reports Exercise of Warrants of Leading Edge Materials Corp.
MONACO, January 11, 2023 /CNW/ - Mr. Eric Krafft announces that, Mr. Eric Krafft, Interim CEO of Leading Edge Materials Corp. (“LEM”) has exercised 13,000,000 warrants of LEM to acquire 13,000,000 common shares of LEM (“Common Shares”) at a price of CAD$0.10 per Common Share (the “Acquisition”) providing proceeds to the Company of CAD$1.3 million in order to support the ongoing development and exploration programs at its Swedish and Romanian projects. - Upon closing of the Acquisition, Mr. Krafft holds 62,204,404 Common Shares representing 37.58% of the issued and outstanding Common Shares, and 29.74% of the Common Shares on a fully diluted basis.
- Following the Acquisition, the percentage of Common Shares owned or controlled by Mr. Eric Krafft increased by 5.32%.
- Immediately after the Acquisition, Mr. Eric Krafft owns and controls 62,204,404 Common Shares of LEM, representing approximately 37.58% of the issued and outstanding Common Shares of LEM, 24,150,000 Warrants and 1,900,000 Options.