Leader Environmental Technologies has entered into a placement agreement with Stirling Coleman Capital as the placement agent on Jan 31, where the latter has offered to subscribe to up to 352.9 million new ordinary shares in the capital of Leader Environmental Technologies at an issue price of 17 cents per share.

This would amount to a total consideration of some $60.0 million.

Leader Environmental Tech and Stirling Coleman Capital may increase the size of the placement and issue up to 117.6 million shares to raise additional proceeds of $20.0 million, bringing the total gross proceeds of the placement to $80.0 million.

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