LeadFX Inc. (TSX:LFX) announced that it has entered into a binding term sheet and subscription agreement with Sentient Global Resources Fund IV, L.P. and Incor Energy Materials Limited for a private placement of 488,208 units at a price of CAD 1.40 per unit for gross proceeds of CAD 683,491 on April 9, 2018. The transaction will involve participation from existing investors Sentient Global Resources Fund IV, L.P., a fund managed by Sentient Group Limited for 229,946 units and Incor Energy Materials Limited for 258,208 units. Each unit will consist of one common share and one half of one common share purchase warrant. Each warrant will entitle the investor to acquire one additional common share of the company at a price of CAD 1.75 per unit for a period of 5 years from the date of closing. Post the closing of the transaction, Sentient Group Limited will hold 52.7% stake and Incor Energy Materials Limited will hold 38.8% stake in the company. The transaction is subject to approval from the TSX Venture Exchange. The transaction is expected to close on April 13, 2018.