LeadFX Inc. (TSX:LFX) announced that it has signed a term sheet for a non-brokered private placement of 3,643,0008 common share at a price CAD 0.80 per share for gross proceeds of CAD 2,914,406. The transaction will include participation from returning investor Incor Energy Materials Limited. The transaction will close in two tranche. First tranche of 50% of the transaction will be close after July 13, 2018 but before July 20, 2018. The second tranche will be close on or before July 31, 2018. The transaction is subject to receipt of regulatory approvals including TSX Venture Exchange approval. On August 10, 2018, The company announced that TSX Venture Exchange has accepted for filing documentation with respect to the transaction.