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0 -0.00400801603206404 -0.00601202404809624 -0.00601202404809624 0.00200400801603202 0.00200400801603202 0.00200400801603202 0.00200400801603202
Stock impact report

NMG Announces Closing of US$20 Million Public Offering of Common Shares

Nouveau Monde Graphite Inc. Common Shares (NMG) 
Company Research Source: Business Wire
MONTRÉAL--(BUSINESS WIRE)--Nouveau Monde Graphite Inc. (“NMG“ or the “Company”) (NYSE: NMG, TSX: NOU) announces the closing of its previously announced public offering (the “Offering”) of 8,333,334 of its common shares (the “Common Shares”) at a price of US$2.40 per Common Share for aggregate gross proceeds of approximately US$20 million.Maxim Group LLC acted as sole placement agent for the Offering (the “Placement Agent”).The Company intends to use the net proceeds from the Offering for procurement of long-lead equipment, to initiate certain construction activities, and to cover detailed engineering and indirect costs for the Matawinie Mine project, to fund engineering activities to deliver an AACE class 3 estimate for the 13ktpy Bécancour Battery Material Plant project, and to fund general working capital and corporate expenditures.In connection with the Offering, the Company has filed a final prospectus supplement (the “Prospectus Supplement”) to the Company’s existing base she Show less Read more
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