Key Developments: Nemaska Lithium Inc (NMX.V)

NMX.V on TSX Venture Exchange

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Latest Key Developments (Source: Significant Developments)

Nemaska Lithium confirms closing of a $400,000 private placement
Wednesday, 11 Mar 2015 11:08am EDT 

Nemaska Lithium:Closes a non-brokered private placement of $400,000 by the issuance of 2,000,000 units at a price of $0.20 per unit.Intends to use the net proceeds of the private placement for its general working capital needs and administrative expenses.  Full Article

Nemaska Lithium announces closing of maximum offering
Friday, 20 Feb 2015 12:34pm EST 

Nemaska Lithium:Completes second and last tranche of its offering pursuant to its Prospectus Supplement no. 5 dated Jan. 30 by the issuance of 5,000,000 units, at a price of $0.20 per Unit.Says total gross proceeds of $1,000,000, finalizing a $2,000,000 offering, the first tranche of which was closed last Feb. 04.Each Unit consists of one common share of the Corporation and one-half of one Common Share purchase warrant.Each whole Common Share purchase warrant entitles its holder to purchase one Common Share at a price of $0.28 at any time prior to 5:00 p.m. (Montreal time) on the date that is 24 months following the closing date.Intends to use the net proceeds of the offering and other available funds for general working capital and administrative expenses as well as for Phase 1 plant detailed engineering.In connection with the second tranche of the offering, the Corporation paid an aggregate cash commission of $50,000 as finder's fees.  Full Article

Nemaska Lithium Inc confirms closing of the minimum offering of $1 mln
Wednesday, 4 Feb 2015 09:24am EST 

Nemaska Lithium Inc:Closes minimum offering of $1 mln of prospectus supplement no. 5 announced on Jan. 30.Consequently the Corporation has issued 5,000,000 common shares at a price of $0.20 per share and 2,500,000 common share purchase warrants entitling its holder to purchase one common share at a price of $0.28 until Feb. 4, 2017.Intends to have an additional closing to complete the maximum offering of $2 mln.Intends to use the net proceeds of the offering and other available funds for general working capital and administrative expenses as well as for Phase 1 plant detailed engineering.  Full Article

Nemaska Lithium announces filing of prospectus supplement no. 5 for minimum offering of $1,000,000 and maximum offering of $2,000,000
Friday, 30 Jan 2015 04:33pm EST 

Nemaska Lithium Inc:Files Prospectus Supplement no. 5 dated Jan. 30, 2015, in relation to an offering, of a minimum of 5,000,000 units of the Corporation for an aggregate gross proceeds of $1,000,000 and a maximum of 10,000,000 Units for an aggregate gross proceeds of $2,000,000 at a price of $0.20 per Unit.Each Unit consists of one common share of the Corporation and one-half of one Common Share purchase warrant.Each whole Common Share purchase warrant, a "Warrant" entitles its holder to purchase one Common Share at a price of $0.28 on the date that is 24 months following the closing date.Intends to use the net proceeds of the Offering and other available funds for general working capital and administrative expenses as well as for Phase 1 plant detailed engineering.  Full Article

Nemaska Lithium Inc financing oversubscribed at $1,542,500
Monday, 17 Nov 2014 12:40pm EST 

Nemaska Lithium Inc:Completes the last tranche ($250,000) of its brokered offering for a total gross proceeds of $1,500,000, by the issuance of 8,823,530 Units at a price of $0.17 per Unit by way of a Prospectus Supplement.Simultaneously the Corporation has accepted a brokered private placement subscription by a European Investor for an amount of $42,500, for 250,000 Units.Each Unit consists of one common share of the share capital of Nemaska and one-half of one Common Share purchase warrant.Each Warrant will entitle its holder to purchase one Common Share, at a price of $0.25 per Common Share, on the date that is 12 months following the closing date of the Offering.Net proceeds of the Offering will allow the Corporation to continue the permitting process to build and operate a mine and concentrator on the Whabouchi property, including the follow up work in relation to such permitting and fund the general administrative expenses and other working capital needs.  Full Article

Social Economic Partnership Agreement for Whabouchi Mine signed between Cree Parties and Nemaska Lithium
Friday, 7 Nov 2014 12:43pm EST 

Nemaska Lithium Inc:Says signing of the Social Economic Partnership Agreement concerning the development and operation of the Whabouchi Lithium Project in Eeyou Istchee with the Grand Council of the Crees (Eeyou Istchee), the Cree Nation Government and the Cree Nation of Nemaska.  Full Article

Nemaska Lithium Inc announces closing of over-allotment option
Tuesday, 15 Apr 2014 10:48am EDT 

Nemaska Lithium Inc:Closing of offering pursuant to whic aggregate of 3,900,000 units of corporation at price of $0.125 per Unit, were issued for aggregate gross proceeds of $487,500.This closing follows exercise in full by Secutor Capital Management Corporation of over-allotment option granted in connection with supplemental prospectus offering of the Corporation which closed initially on April 2.As result of exercise of over-allotment option, the aggregate gross proceeds to Nemaska pursuant to Offering total $3,737,500.Net proceeds from exercise of over-allotment option are in addition to funds available following Offering dated April 2.Will allow corporation to continue permitting process for the mine and concentrator on the Whabouchi property.Complete feasibility study for the Whabouchi Project and the hydrometallurgical plant in Salaberry-de-Valleyfield and.Fund corporation's general administrative expenses and other working capital needs for next year.  Full Article

Nemaska Lithium Inc closes $3,250,000 financing
Wednesday, 2 Apr 2014 11:43am EDT 

Nemaska Lithium Inc:Closes of $3,250,000 supplemental prospectus offering by issuance of 26,000,000 units at price of $0.125 per Unit.Net proceeds of will allow the Corporation tocontinue permitting process for mine and concentrator on the Whabouchi property.Complete feasibility study for Whabouchi Project and the hydrometallurgical plant in Salaberry-de-Valleyfield.Fund general administrative expenses and other working capital needs, and finally.Make last payment due to the vendor of Whabouchi property for amount of $500,000.  Full Article

Nemaska Lithium Inc Announces Completion of the Maximum of the Offering
Thursday, 14 Nov 2013 10:55am EST 

Nemaska Lithium Inc announced that it has closed the third tranche of a supplemental prospectus offering of an aggregate of 2,496,300 units, at a price of CAD0.12 per unit, for gross proceeds of CAD299,556 in connection with the short form base shelf prospectus of the Corporation dated March 4, 2013, as supplemented by the prospectus supplement no. 2 dated October 16, 2013, finalizing the maximum of CAD2,500,000 offering (the Offering). The net proceeds from the Offering will be used (i) to complete the permitting process for the mine and concentrator on the Whabouchi property, (ii) to complete the feasibility study for the Whabouchi project and the hydrometallurgical plant in Salaberry-de-Valleyfield and (iii) for general administrative expenses and other working capital.  Full Article

Nemaska Lithium Inc Announces a CAD2,200,443.92 Final Closing Offering
Monday, 11 Nov 2013 09:26am EST 

Nemaska Lithium Inc announced that it has closed the second tranche of a supplemental prospectus offering (the Offering) of an aggregate of 1,666,666 units, at a price of CAD0.12 per unit, for gross proceeds of CAD199,999.92 in connection with the short form base shelf prospectus of the Corporation dated March 4, 2013, as supplemented by the prospectus supplement no. 2 dated October 16, 2013, finalizing a CAD2,200,443.92 offering (the Offering), the first tranche of which was closed as of October 28, 2013. Each unit is comprised of one common share of Nemaska (a Common Share) and one-half of one Common Share purchase warrant. Subject to acceleration provisions as described in the Warrant Indenture entered into between the Corporation and Computershare Trust Company of Canada dated October 28, 2013, each whole Common Share purchase warrant is exercisable for a period of 24 months from the closing date of the Offering to purchase one Common Share at a price of CAD0.18. The net proceeds from the Offering will be used (i) to complete the permitting process for the mine and concentrator on the Whabouchi property, (ii) to complete the feasibility study for the Whabouchi project and the hydrometallurgical plant in Salaberry-de-Valleyfield and (iii) for general administrative expenses and other working capital.  Full Article

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