Nouveau Monde Announces the Successful Closing of the Previously Announced C$5.75 Million Private Placement Offering
13 February 2021 - 9:35AM
Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”)
(TSXV: NOU; OTCQX: NMGRF; Frankfurt: NM9) is pleased to announce
that it has closed the non-brokered private placement (the “Private
Placement”) of common shares of the Company previously announced on
January 13 and 20, 2021. The Private Placement was launched
concurrently with the bought deal public offering of C$17 million
of the Company, which closed on January 20, 2021.
Pursuant to the Private Placement, the Company
issued a total of 3,965,516 common shares at a price of C$1.45 per
share for proceeds to the Company of approximately C$5,750,000. Of
this amount, Investissement Québec, acting as mandatary for the
government of Québec, subscribed for 3,172,413 common shares, for a
total subscription price of approximately C$4.6 million, and
Pallinghurst Graphite Limited (“Pallinghurst”), an insider of the
Company, subscribed for the remainder of the common shares. The
common shares issued pursuant to the Private Placement will be
subject to a statutory hold period in Canada of four months and one
day.
The proceeds of the Private Placement will be
used for the Bécancour value-added graphite project development,
the Matawinie mine and concentrator detailed engineering, as well
as corporate general and administrative expenses.
Under the Private Placement, Pallinghurst, an
insider of the Company, purchased 793,103 common shares, which
constitutes a “related party transaction” within the meaning of
Regulation 61-101 respecting Protection of Minority Security
Holders in Special Transactions (“Regulation 61-101”) and TSXV
Policy 5.9 – Protection of Minority Security Holders in Special
Transactions. However, the directors of the Company who voted in
favour of the Private Placement have determined, based on advice
from counsel and management, that the exemptions from formal
valuation and minority approval requirements provided for
respectively under subsections 5.5(a) and 5.7(1)(a) of Regulation
61-101 can be relied on as neither the fair market value of the
common shares issued to Pallinghurst nor the fair market value of
the consideration paid exceed 25% of the Company’s market
capitalization. None of the Company’s directors has expressed any
contrary views or disagreements with respect to the foregoing.
About Nouveau MondeNouveau
Monde is striving to become a key element in the sustainable energy
revolution. The Company is working towards developing a
fully-integrated source of green battery anode material in Québec,
Canada. Targeting full-scale commercial operations by 2023, the
Company is developing advanced carbon-neutral graphite-based
material solutions for the growing lithium-ion and fuel cell
markets. With low-cost operations and high ESG standards, Nouveau
Monde aspires to become a strategic supplier to the world’s leading
battery and auto manufacturers, ensuring robust and reliable
advanced material, while guaranteeing supply chain
traceability.
Cautionary Note Regarding
Forward-Looking Information All statements, other
than statements of historical fact, contained in this press release
including, but not limited to the expected use of proceeds,
upcoming corporate milestones, and the “About Nouveau Monde”
paragraph which essentially describes the Company’s outlook and
objectives, constitute “forward-looking information” or
“forward-looking statements” within the meaning of certain
securities laws, and are based on expectations, estimates and
projections as of the time of this press release. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Company as of
the time of such statements, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.
These estimates and assumptions may prove to be incorrect.
Moreover, these forward-looking statements were based upon various
underlying factors and assumptions, including the Company’s
business prospects and opportunities, and are not guarantees of
future performance.
By their very nature, forward-looking
information and statements are subject to known or unknown risks
and uncertainties that may cause actual results to differ
materially from those anticipated or implied in the forward-looking
information and statements. Risk factors that could cause actual
results or events to differ materially from current expectations
include, among others, the ability of the Company to successfully
implement its strategic initiatives and whether such strategic
initiatives will yield the expected benefits, the operating
performance of the Company’s assets and businesses, competitive
factors in the graphite mining and production industry, changes in
laws and regulations affecting the Company’s businesses,
technological developments, the impacts of the global COVID-19
pandemic and the governments’ responses thereto, and general
economic conditions. Unpredictable or unknown factors not discussed
in this Cautionary Note could also have material adverse effects on
forward-looking statements.
Many of these uncertainties and contingencies
can directly or indirectly affect, and could cause, actual results
to differ materially from those expressed or implied in any
forward-looking statements. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Forward-looking statements are
provided for the purpose of providing information about
management’s expectations and plans relating to the future. The
Company disclaims any intention or obligation to update or revise
any forward-looking statements or to explain any material
difference between subsequent actual events and such
forward-looking statements, except to the extent required by
applicable law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Further information regarding Company is
available in the SEDAR database (www.sedar.com) and on the
Company’s website at: www.NouveauMonde.group
Media
Julie Paquet
Director, Communications
Nouveau Monde
+1-450-757-8905 #140
jpaquet@nouveaumonde.ca
Investors
Christina Lalli
Director, Investor Relations
Nouveau Monde
+1-438-399-8665
clalli@nouveaumonde.ca
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