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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. 

Company Quote

0.16
-0.0050 -3.03%
3:45pm EDT