LeadFX Announces Exercise of Stage 3 Warrant, Update on Sale of 'Chief'

PERTH, Australia, Sept. 28, 2018 /CNW/ - LeadFX Inc. (the "Company" or "LeadFX") (Toronto Stock Exchange: LFX) announces that following receipt of Ministerial Statement No.1083 approving the implementation of the Hydrometallurgical Facility and mine extension at the Paroo Station Lead Mine, 30km west of Wiluna in Western Australia, InCoR Energy Materials Limited has exercised the Stage 3 Warrant (as defined under the Umbrella Agreement dated June 20, 2017) for 5,750,000 Common Shares of the Company.

In relation to the Company's sale of its interests in Chief Consolidated Mining Company announced on July 30, 2018, the buyers have requested additional time to complete the purchase. The Company is currently negotiating an extension and will advise when the extension is confirmed.

SOURCE LeadFX Inc.