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Montreal, June 18, 2021 (Global News Agency)-Nouveau Monde Graphite Inc. (“New world“Or”the company“)(New York Stock Exchange:National Weather Service, Toronto Stock Exchange:new) Today announced the pricing of its previously announced underwriting public sale (“provide“) of 7,000,000 ordinary shares (“Common stock“) The price per share is $7.50 (“Offer price“)’S total proceeds are US$52,500,000. Nouveau Monde has granted the underwriters a 30-day option to purchase up to 1,050,000 shares of common stock at the offer price. The offer is expected to end on Wednesday, June 23, 2021. The subject matter is customary Transaction conditions.
Evercore ISI and BMO Capital Markets will serve as joint bookrunners for this offering. B. Riley Securities and Stifel GMP also act as joint bookrunners. Roth Capital Partners served as the co-manager of this offering.
Pallinghurst Graphite International Limited, a current shareholder of the company, has stated that it and one of its investors will jointly purchase 706,666 ordinary shares of this issuance. The company’s total income is approximately US$5.3 million. In addition, shortly after the end of the sale, and after preliminary discussions with one of the other existing shareholders, the company plans to complete a non-brokered private placement of common shares at the price of common shares, with total proceeds of up to US$13,125,000. Shares that will not be lower than the issue price (“Private placementIn addition, shareholders participating in the private placement will have the right to purchase additional ordinary shares equivalent to 15% of the initial number of ordinary shares in the private placement. The over-allotment option under the offering (or a smaller proportionate to any less exercise of the over-allotment option) The number of ordinary shares). Private placement will be conducted in accordance with the exemptions and issuance of ordinary shares required by the Canadian prospectus. In accordance with applicable Canadian securities regulations, the private placement will be subject to resale restrictions within four months and one day after the end of the private placement. The end is not conditional on each other.
The company expects that the net proceeds from the sale and private placement will be used for the development of the Matawini mine project and the lithium battery anode plant project, as well as for general working capital and company expenditure requirements.
For this issuance, Nouveau Monde has submitted preliminary supplementary documents for the prospectus and will submit supplementary documents for the final prospectus (collectively referred to as “Prospectus supplement“) to the company’s existing base shelf prospectus filed in Canada (“Basic shelf prospectus“) and the company’s US registration statement on the F-10 form (“Registration statement“) to the U.S. Securities and Exchange Commission (“Securities and Exchange Commission“) According to the U.S.-Canada Multi-Jurisdictional Disclosure System (MJDS). This issuance is conducted in the U.S. and…
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