Leading Edge Materials Submits Preliminary Application for Listing on Nasdaq First North in Stockholm
VANCOUVER, Oct. 4, 2017 /CNW/ - Leading Edge Materials Corp. ("Leading Edge Materials") or (the "Company") (TSXV:LEM) (OTCQB: LEMIF) is pleased to announce the filing of preliminary listing documents with Nasdaq Stockholm AB for a proposed dual listing of its common shares on Nasdaq First North Stockholm. If successful, the Company anticipates the listing process shall be completed by late 2017.
Stockholm based capital market advisory firm Remium Nordic AB has been appointed to serve as the Company's financial advisor in connection with the dual listing.
Leading Edge Materials has been encouraged by a steady increase in interest from European investors over the past year. This positive trend matches the growing European awareness of the rapid global shift to electric mobility, and the need for secure critical raw material supply chains if the European automotive industry is to play a leading role.
Nasdaq First North Stockholm is a logical choice for a dual listing of Leading Edge Materials, to both expand the Company's European profile and broaden the European shareholder base. With graphite, lithium, rare earth and cobalt assets located in the Nordic region, Leading Edge Materials can deliver a unique opportunity to European investors to take part in the high growth lithium ion battery market.
The potential for wider dissemination of corporate information, increased trading volume and higher exposure to prospective European customers were considered by Leading Edge Materials in the decision to dual list, which is anticipated to benefit both existing and new shareholders.
Nasdaq Stockholm is a very active market, with 56 new listings during H1 2017(1), sophisticated institutional investors and an active retail base. The Nordic region boasts the largest retail presence in the world per capita, with small private investors and professional investors taking an active role in the market.
Blair Way, President and CEO, stated "Listing of Leading Edge Materials on Nasdaq First North Stockholm is a natural next step as we build our business to serve the specialty materials needs of the European Union."
On behalf of the Board,
Blair Way, President & CEO
About Leading Edge Materials
Leading Edge Materials was formed with our sights firmly focused on the material demands of a once-in-a-generation revolution, as the world shifts to the efficient production, storage and preservation of low carbon energy. From the lithium batteries in our electric vehicles to our ability to generate energy from the sun, wind and waves LEM is focused on the green energy markets. With a focus on Europe and assets in innovation-rich Scandinavia, Leading Edge Materials is ideally placed to play a pivotal role in the sustainable supply of critical technology materials.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic (Nasdaq First North Denmark is regulated as an alternative marketplace). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), accept responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information. This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include but are not limited to, the Company's expectations, completion and timing of the listing on the Nasdaq First North in Stockholm; unexpected geological conditions; exploration activities to advance other critical material projects of the Company for energy storage markets, delays in obtaining or failure to obtain necessary permits and approvals from government authorities. Although such statements are based on management's reasonable assumptions, there are risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
SOURCE Leading Edge Materials
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