Key Developments: Nemaska Lithium Inc (NMX.V)

NMX.V on TSX Venture Exchange

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19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

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

Nemaska Lithium Inc Announces Filing of Second Prospectus Supplement for Maximum Offering of $2,500,000
Wednesday, 16 Oct 2013 10:33pm EDT 

Nemaska Lithium Inc announced that it has filed a Second Prospectus Supplement (the "Second Prospectus Supplement") to the Base Shelf Prospectus dated March 4, 2013 with the securities regulatory authorities in each of the Provinces of Qu├ębec, Ontario, Alberta and British Columbia, in relation to a brokered offering (the "Offering") of a maximum of 20,833,333 units of the Corporation (the "Units") at a price of $0.12 per Unit. Each Unit consists of one common share of the share capital of Nemaska (a "Common Share") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"). Each Warrant entitles its holder to purchase one Common Share, at a price of $0.18 per Common Share, on the date that is 24 months following the closing date of the Offering (the "Warrant Expiry Date"). The Corporation may accelerate the Warrant Expiry Date if, before the Warrant Expiry Date and at any time commencing the 20th trading day following the closing date of the Offering, the trading price of the Common Shares listed on the TSX Venture Exchange is equal to or above $0.35 for a period of 20 consecutive trading days. The Offering is expected to close on or around October 28, 2013. The Offering is being conducted by Secutor Capital Management Corporation acting as agent (the "Agent") on a reasonable best efforts basis.  Full Article

Nemaska Lithium Inc Closes CAD4.23 Million Offering
Thursday, 11 Apr 2013 02:05pm EDT 

Nemaska Lithium Inc announced that it has closed a supplemental prospectus offering (Offering) of an aggregate of 14,123,168 million units at a price of CAD0.30 per unit for gross proceeds of CAD4,236,950 in connection with the Base Shelf Prospectus dated March 4, 2013. 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 CAD0.40. In consideration for their services rendered in connection with the Offering, the Agents received an aggregate cash commission of $253,542 and an aggregate number of 845,140 warrants (the Broker Warrants). The Broker Warrants entitle the Agents to subscribe for an aggregate number of 845,140 Common Shares, at a price of $0.30 per Common Share, until 24 months from the date of closing.  Full Article

Nemaska Lithium Inc Revises CAD25Million QSSP II Eligible Offering
Tuesday, 2 Apr 2013 04:01pm EDT 

Nemaska Lithium Inc announced that the Company and the syndicate of co-led by Euro Pacific Canada Inc., as sole book runner, and Casimir Capital Ltd., and including Mackie Research Capital Corp. Ltd. and National Bank Financial have agreed to amend and revise the terms of its previously announced public offering. Under the revised terms, the Underwriters have agreed to a marketed offering of 62.5 million units in the capital of the corporation at a price of 30 cents per unit. Each unit comprises one common share of Nemaska and one-half of a common share purchase 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 40 cents. 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, Que. Also, the net proceeds will be used to start the construction of the phase 1 processing plant, and 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.  Full Article

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