Nemaska Lithium Launches a C$25Million QSSP II Eligible Offering

Thu Mar 14, 2013 3:06pm EDT

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Marketwire

Nemaska Lithium Inc.

March 14, 2013 - 03:06:15 PM

Nemaska Lithium Launches a C$25Million QSSP II Eligible Offering

QUEBEC CITY, QUEBEC--(Marketwire - March 14, 2013) - 

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE NEWS SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES 

Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX
VENTURE:NMX)(OTCQX:NMKEF) has filed a Prospectus Supplement to the Base Shelf
Prospectus dated March 4, 2013 with the securities regulatory authorities in
each of the Provinces of Quebec, Ontario, Alberta and British-Columbia, in
relation to a marketed offering (the "Offering") of 62,500,000 units ("Units")
in the capital of the Corporation at a price of C$0.40 per unit. Each unit is
comprised of one common share of Nemaska ("Unit Share") and half of a common
share purchase warrant ("Warrant"). Each whole Warrant is exercisable for a
period of 24 months from the date of closing to purchase one common share of
Nemaska at a price of $0.55. The Offering is expected to close on or around
March 28, 2013. 

The Corporation has received an advance ruling from the Ministere du Revenu du
Quebec confirming that the Corporation is a qualified issuing corporation for
the purposes of the Quebec Stock Savings Plan II ("QSSP II") and that the
Common Shares forming part of the Units are qualified shares for a QSSP II
qualified mutual fund. 

The Offering is being conducted on a best efforts marketed basis through a
syndicate of investment dealers co-led by Euro Pacific Canada inc. as sole
bookrunner and Casimir Capital Ltd., and including, Mackie Research Capital
Corporation Limited and National Bank Financial (collectively, the "Agents"). 

The Corporation has also granted the Agents an option (the "Over-Allotment
Option"), exercisable no later than 30 days after the Closing Date, to
purchase additional Units (the "Over-Allotment Units") at the Offering Price
and/or additional Warrants (the "Over-Allotment Warrants" and together with
the Over-Allotment Units, the "Additional Securities"). The maximum number of
Over-Allotment Units shall be equal to 15% of the total Units sold in the
Offering (being up to 9,375,000 Over-Allotment Units) less the number of
Over-Allotment Warrants, if any, purchased by the Agents. The maximum number
of Over-Allotment Warrants shall be equal to 15% of the total Units sold in
the Offering less the number of Over-Allotment Units, if any, purchased by the
Agents. 

The Corporation plans to use the proceeds of the offering to start the
detailed engineering and to make deposits for the acquisition of long lead
items in connection with the construction of a Phase 1 processing plant in
Salaberry-de-Valleyfield, Quebec. Also, the net proceeds will be used to start
the construction of the Phase 1 processing plant, continue with the permitting
process and studies for the Whabouchi project in order to obtain the required
environmental permit for such property as well as for general corporate
purposes. 

A copy of the Prospectus Supplement may be obtained from the Corporation's
Corporate Secretary by emailing info@nemaskalithium.com or directing a request
to Nemaska Lithium inc. at 450, rue de la Gare-du-Palais, 1st floor, Quebec
(Quebec) G1K 3X2, Telephone (418) 704-6038, Attn: Corporate Secretary, or can
be found on SEDAR at www.sedar.com. 

The securities have not been registered under the United States Securities Act
of 1933 (the "Act") or any state securities laws and may not be offered or
sold absent registration under the Act and applicable state securities laws or
an applicable exemption from the registration requirements thereof. This news
release does not constitute an offer to sell or a solicitation of an offer to
buy, nor shall there be any sale of these securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction or an
exemption there from. 

About Nemaska 

Nemaska intends to become a lithium hydroxide/carbonate producer based in
Quebec and has filed patent applications for its proprietary methods to
produce lithium hydroxide and lithium carbonate. In tandem, the Company is
developing one of the richest spodumene lithium hard rock deposit in the
world, both in volume and grade. Spodumene concentrate produced at Nemaska's
Whabouchi mine and from other global sources will be shipped to the Company's
lithium hydroxide/carbonate processing plant located in
Salaberry-de-Valleyfield, Quebec. This plant will transform spodumene
concentrate into high purity lithium hydroxide and lithium carbonate for the
growing lithium battery market. The Nemaska's Whabouchi deposit, located in
the James Bay Region in the Province of Quebec, Canada, near the Cree
community of Nemaska, should have an initial mine life of 18 years. 

Forward-looking statements contained in this press release involve known and
unknown risks, uncertainties and other factors that may cause actual results,
performance and achievements of Nemaska to be materially different from any
future results, performance or achievements expressed or implied by the said
forward-looking statements. 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Guy Bourassa
President
418 704-6038
info@nemaskalithium.com


Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com


Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
www.nemaskalithium.com


Jeff Walker
The Howard Group/ Investor Relations
888 or 403 221-0915
jeff@howardgroupinc.com




        

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term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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