Nouveau Monde Graphite slumps on discounted stock deal

Nouveau Monde Graphite

18/06/2021 09:50

** U.S-listed shares of Canadian miner  NMG.N   NOU.V  fall
as much 11.6% to $8 premarket on stock pricing
    ** Stock among top pct losers on NYSE trading premarket
    ** Co prices previously announced offering of 7 mln shares
at $7.50, representing a 17.1% discount to stock's last close
 urn:newsml:reuters.com:*:nGNX683Tth
    ** Expected gross proceeds from the offering are $52.5 mln 
    ** Offer size represents ~27% of co's free float- Refinitiv
data
    ** Evercore ISI and BMO Capital Markets are acting as joint
book-running managers 
    ** Stock up ~11% YTD, as of last close

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))