Mr. Eric Krafft Reports Participation on the Private Placement of Leading Edge Materials Corp.
July 23 2024 - 9:00PM
NOT FOR DISTRIBUTION TO UNITED STATES
NEWWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR
DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLEOR
IN PART, IN OR INTO THE UNITED STATES
Mr. Eric Krafft Reports Participation on the Private
Placement of Leading Edge Materials Corp.
MONACO, July 24, 2024 /CNW/ - Mr. Eric Krafft
announces that, Mr. Eric Krafft, Interim CEO of Leading Edge
Materials Corp. (the “Company”) or
(“LEM”) has purchased under the Company’s most
recent non-brokered private placement 13,000,000 Units of LEM
(“Units”) at a price of CAD$0.10 per Unit (the
“Acquisition”) for aggregate proceeds of
$1.300,000. Each Unit will consist of one (1) common share (each, a
“Common Share”) in the capital of the Company and one (1) Common
Share purchase warrant (a “Warrant”). Each Warrant will entitle the
holder to purchase one Common Share (a “Warrant Share”) at a price
of C$0.20 per Warrant Share until the date which is four (4) years
from the closing date of the Private Placement (the “Closing
Date”).
Upon closing of the Acquisition, Mr. Krafft
holds 85,556,577 Common Shares representing 37.9% of the issued and
outstanding Common Shares, and 41.77% of the Common Shares on a
fully diluted basis. The 13,000,000 Common Shares acquired by Mr.
Krafft pursuant to the Acquisition, represent approximately 5.76%
of the issued and outstanding Common Shares of LEM, on a
non-diluted basis, and 4.00% on a fully-diluted basis.
Prior to the Acquisition, Mr. Krafft owned and
controlled 72,556,577 Common Shares of LEM, representing
approximately 38.75% of the then issued and outstanding Common
Shares of LEM, on a non-diluted basis, 34,502,173 share purchase
warrants (the “Warrants”) to acquire 34,502,173
additional Common Shares of LEM and 5,500,000 stock options (the
“Options”) to acquire an additional 5,500,000
Common Shares of LEM.
Immediately after the Acquisition, Mr. Eric
Krafft owns and controls 85,556,577 Common Shares of LEM,
representing approximately 37.9% of the issued and outstanding
Common Shares of LEM, 47,502,173 Warrants and 5,500,000 Options.
Assuming exercise of the Warrants and Options by Mr. Krafft only,
Mr.Krafft would have control or direction over 138,558,750 Common
Shares of LEM representing 49.0% of the then issued and outstanding
Common Shares of LEM.
Eric Krafft has acquired the Common Shares for investment
purposes and has a long-term view of hisinvestment. In the future,
Mr. Krafft may take such actions in respect of his investment in
LEMas he may deem appropriate, depending on the market conditions
and circumstances at that time.
The Early Warning Report will be filed with the applicable
securities commissions via SEDAR and willbe available for viewing
on LEM’s profile at www.sedarplus.ca
For further information or to obtain a copy of the Early Warning
Report, please contact Mr. Eric Krafft at+377 9797 8420.
This press release is not an offer or a solicitation of
an offer of securities for sale in the
UnitedStates. The securities have not been and
will not be registered under the U.S. Securities Act
of1933, as amended (the "U.S. Securities Act"), or
any state securities laws and may not be offeredor
sold in the United States or to U.S. Persons absent registration
under the U.S. Securities Actand applicable state
securities laws or an applicable exemption from such registration
requirements.
- Press Release - Eric Krafft Personal(54963497.2)