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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. 

Company Quote

-0.0050 -2.38%
19 Sep 2014