Leading Edge Materials Corp.

11:09 AM EST - Leading Edge Materials Corp. : Announced that, in connection with the closing of the private placement financing announced by Leading Edge Materials Corp., on August 7, Eric Krafft, a director of LEM, acquired 24,150,000 Units of LEM at an issue price per of $0.11 per LEM Unit. The LEM Units comprise of one common share and one common share purchase warrant. Each Warrant Share entitles Krafft to acquire one LEM Share at a price of $0.20 per Warrant Share until August 7, 2024. The LEM Shares acquired by Krafft represent approximately 16.49% of the issued and outstanding Common Shares of LEM, on a non-diluted basis. The LEM Units acquired by Krafft are subject to a voluntary hold period pursuant to which such securities cannot be traded until August 8, 2021. Leading Edge Materials Corp. shares V.LEM are trading down $0.005 at $0.15.