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LEADING EDGE MATERIALS REPORTS FISCAL 2020 RESULTS


Leading Edge Materials” or the “
Company”) (
Nasdaq First North: LEMSE) (
OTCQB: LEMIF) announces results for the fiscal year ending October 31, 2020. All references to dollar amounts in this release are in Canadian dollars.
Highlights During and After the Quarter      
During the three months ended October 31, 2020 the Company:
Completed a non-brokered private placement for proceeds of $3,520,000 by issuing 32,000,000 units at a price of $0.11 per unit.  Each unit consists of one common share, and one common share purchase warrant exercisable into one common share at an exercise price of $0.20 expiring August 7, 2024.
Received information that the Bucharest Court of Appeal published a ruling dismissing the appeal against the Agenţia Natională Pentru Resurse Minerale (“NAMR”) by the competing bidder for the Bihor Sud Exploration license in Romania as groundless.  Pending the full ruling being served to the parties of the appeal an ....

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