Brief: Nouveau Monde Graphite Announces Private Placement Of $10.3 Mln By The Pallinghurst Group

Nouveau Monde Graphite

03/04/2019 13:24

April 3 (Reuters) - Nouveau Monde Graphite Inc  NOU.V :
    * NOUVEAU MONDE GRAPHITE ANNOUNCES A PRIVATE PLACEMENT OF
$10.3
MILLION BY THE PALLINGHURST GROUP, A LEADING GLOBAL MINING
INVESTOR
    * NOUVEAU MONDE MINING ENTERPRISES INC - UPON CLOSING
PALLINGHURST
WILL HOLD APPROXIMATELY 19.99% OF SHARES
    * NOUVEAU MONDE MINING ENTERPRISES  - PALLINGHURST AGREED TO
SUBSCRIBE TO 43.8 MILLION SHARES IN CAPITAL OF CORPORATION AT
$0.235 PER SHARE
    * NOUVEAU MONDE MINING - INTENDS TO COMPLETE A SECOND
PRIVATE
PLACEMENT TO SELECTED EXISTING INSTITUTIONAL SHAREHOLDERS AND
OTHER INVESTORS
    * NOUVEAU MONDE MINING - COMBINED PROCEEDS OF PALLINGHURST
PLACEMENT AND INSTITUTIONAL PLACEMENT ARE EXPECTED TO BE
APPROXIMATELY C$22 MILLION
    * NOUVEAU MONDE - COMBINED EQUITY RAISE EXPECTED TO PROVIDE
NOUVEAU MONDE WITH SUFFICIENT FUNDING FOR ITS NEXT STAGE OF
DEVELOPMENT OF MATAWINIE PROJECT

Source text for Eikon:  ID:nGNX26kXsC 
Further company coverage:  NOU.V 

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