Nouveau Monde Graphite Pays Accrued Interests, Issues Shares to Investissement Québec
Nouveau Monde Graphite Inc. (NYSE: NMG, TSX: NOU) has announced the payment of accrued interests, marking a significant step in its growth. The transaction, approved by the Toronto Stock Exchange and the New York Stock Exchange, involves the issuance of common shares to Investissement Québec.
The payment, totaling 106,161 common shares at US$2.79 each, is subject to a four-month and one-day hold period. This transaction is considered a related-party deal, but the company's directors have invoked exemptions under Regulation 61-101, waiving official valuation and minority holder approval.
Forward-looking statements, which are subject to known and unknown risks, accompany this announcement. These statements reflect the company's optimism about its future, but actual results may differ. The search for specific details about the directors involved in this transaction and their use of exemptions proved fruitless, with no relevant information available in the search results.
Nouveau Monde Graphite, an integrated company focused on responsible mining and advanced processing, aims to supply the global economy with carbon-neutral active anode material for EV and energy storage systems. With this payment, NMG continues its journey towards becoming a strategic supplier to leading lithium-ion battery and EV manufacturers, promoting sustainability and supply chain traceability.
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