Nouveau Monde Announces C$20 Million Financing
January 13 2021 - 5:32PM
Nouveau Monde Graphite Inc. (“Nouveau Monde” or “the Corporation”)
(TSXV: NOU; OTCQX: NMGRF; Frankfurt: NM9) is pleased to announce
that it has entered into an agreement with BMO Capital Markets
(“BMO”), under which BMO has agreed to buy on bought deal basis
10,345,000 common shares (the “Common Shares”), at a price of
C$1.45 per Common Share (the “Offering Price”) for gross proceeds
of approximately C$15 million (the “Public Offering”). The
Corporation has granted BMO an option, exercisable, in whole or in
part, and from time to time, for a period of 30 days from and
including the Closing Date (as defined herein), to purchase at the
Offering Price up to an additional 1,551,750 Common Shares,
representing 15.0% of the number of Common Shares issued pursuant
to the Public Offering, order to cover for over-allotments, if any,
and for market stabilization purposes. The Public Offering is
expected to close on or about January 20, 2021 (the “Closing
Date”) and is subject to Nouveau Monde receiving all necessary
regulatory approvals, including the approval of the TSX Venture
Exchange (the “TSX-V”).
The Corporation is also pleased to announce that
it is concurrently launching a non-brokered private placement for
total gross proceeds of approximately C$5 million on the same terms
as the Public Offering with institutional investors (the “Private
Placement”). In addition, investors participating in the Private
Placement will each have the option to purchase a number of
additional Common Shares representing up to 15% of the number of
Common Shares subscribed by each of them on closing. Any 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 Private Placement is expected to close in early
February 2021 and will be subject to Nouveau Monde receiving all
necessary regulatory approvals, including the approval of the
TSX-V. Closing of the Private Placement and of the Public Offering
are not conditional upon each other.
The Pallinghurst Group which currently holds
approximately 20% of the Corporation’s Common Shares has indicated
that it intends to participate pro-rata its current ownership in
both the Public Offering and the Private Placement.
The net proceeds of the Public Offering and
Private Placement will be used for the Becancour value added
graphite project development, the Matawinie mine & concentrator
detailed engineering and corporate general and administrative
expenses.
In respect of the Public Offering, Common Shares
will be offered by way of a prospectus supplement in all of the
provinces of Canada (except the territories) and may also be
offered by way of private placement in the United States.
The securities offered have not been registered
under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful.
About Nouveau Monde
Nouveau Monde will be a key operator in the
sustainable energy revolution. The Company is developing the only
fully-integrated source of green battery anode material in the
Western World. Targeting full-scale commercial operations by early
2023, the Company will provide advanced carbon-neutral
graphite-based material solutions to the growing lithium-ion and
fuel cell markets. With low-cost operations and the highest of ESG
standards, Nouveau Monde will 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 those relating to the Public Offering
and the Private Placement, the expected use of proceeds, the
anticipated closing date of the Public Offering and the Private
Placement, the receiving of all necessary regulatory approvals, the
intention of The Pallinghurst Group to participate in the Public
Offering and the Private Placement, and the “About Nouveau Monde
Graphite” paragraph which essentially describes Nouveau Monde’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 Nouveau Monde 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. 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. Certain important
estimates or assumptions by the Corporation in making
forward-looking statements include, but are not limited to, the
successful closing of the Public Offering and Private Placement,
and all requisite regulatory and stock exchange approvals being
obtained. There can be no assurance that these assumptions will
prove to be correct. 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.
By their very nature, forward-looking statements
involve inherent risks and uncertainties, both general and
specific, and risks exist that estimates, forecasts, projections
and other forward-looking statements will not be achieved or that
assumptions do not reflect future experience. Forward-looking
statements are provided for the purpose of providing information
about management’s expectations and plans relating to the future.
Readers are cautioned not to place undue reliance on these
forward-looking statements as a number of important risk factors
and future events could cause the actual outcomes to differ
materially from the beliefs, plans, objectives, expectations,
anticipations, estimates, assumptions and intentions expressed in
such forward-looking statements. All of the forward-looking
statements made in this press release are qualified by these
cautionary statements and those made in our other filings with the
securities regulators of Canada The Corporation 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 Corporation is
available in the SEDAR database (www.sedar.com) and on the
Corporation’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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