Nouveau Monde Announces the Successful Closing of the Previously Announced C$18.3 Million Private Placement Offering
24 July 2021 - 1:02AM
Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”)
(NYSE: NMG, TSXV: NOU; Frankfurt: NM9A) 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
June 15, 18 and 23, 2021. The Private Placement was launched
concurrently with the public offering of US$59.4 million of the
Company, which closed on June 23, 2021.
Pursuant to the Private Placement, the Company
issued to Investissement Québec, acting as mandatary for the
government of Québec, a total of 1,978,750 common shares at a price
of C$9.25 per share for proceeds to the Company of approximately
C$18.3 million. The common shares issued pursuant to the Private
Placement will be subject to a statutory hold period in Canada for
a period of four months and one day.
The Company expects the net proceeds of the
Private Placement to be used towards the development of the
Matawinie mine project and LiB anode plant project and for general
working capital and corporate expense needs.
The Private placement is conditional to the final approval of
the TSX Venture Exchange.
About Nouveau Monde
Nouveau Monde is striving to become a key
contributor to the sustainable energy revolution. The Company is
working towards developing a fully integrated source of green
battery anode material in Québec, Canada. Targeting 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
enviable ESG standards, Nouveau Monde aspires to become a strategic
supplier to the world’s leading battery and automobile
manufacturers, providing high performing and reliable advanced
materials while promoting sustainability and supply chain
traceability.
Media |
Investors |
Julie Paquet VP
Communications & ESG StrategyNouveau Monde +1-450-757-8905
#140 jpaquet@nouveaumonde.ca |
Christina Lalli Director,
Investor Relations Nouveau Monde
+1-438-399-8665 clalli@nouveaumonde.ca |
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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.NMG.com
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