Nouveau Monde Graphite - Jan 20

Nouveau Monde Graphite - Jan 20

Postby dan_s » Wed Jan 20, 2021 9:49 am

Nouveau Monde Announces Closing of Oversubscribed Bought Deal Public Offering
We are pleased to announce that we have closed the bought deal public offering of C$17 million, which forms part of the previously announced C$20 million financing.


HIGHLIGHTS

Issuing of 11,896,750 Common Shares at a price of C$1.45 for gross proceeds to the Corporation of C$17,250,287.50, which includes the full exercise by BMO of the over-allotment option granted.
Previously-announced C$5 million private placement launched concurrently with the Public Offering should close in early February 2021.
Proceeds to be used for the Bécancour value-added graphite project development, the Matawinie mine & concentrator detailed engineering, and corporate general and administrative expenses.
Dan Steffens
Energy Prospectus Group
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