Nouveau Monde Graphite Inc. (NYSE: NMG) (TSX-V: NOU) announced the closing of its previously announced underwritten public offering of 7,915,000 of its common shares which includes the partial exercise by the underwriters of their option to purchase additional Common Shares, at a price per share of US$7.50 for aggregate gross proceeds of US$59,362,500.
Evercore ISI and BMO Capital Markets acted as joint book-running managers for the Offering. B. Riley Securities and Stifel GMP also acted as joint book-running managers. Roth Capital Partners acted as co-manager for the Offering.
One of the Company’s current shareholders, Pallinghurst Graphite International Limited, through its subsidiary Pallinghurst Graphite Limited, together with one of its investors, collectively purchased 706,666 Common Shares in the Offering for aggregate gross proceeds to the Company of approximately US$5,300,000. Further, as previously announced, the Company plans to complete a non-brokered private placement of a maximum of 1,978,750 Common Shares based on preliminary discussions with one of its other current shareholders, for aggregate gross proceeds of up to US$14,840,625, at a price of $7.50 per Common Share. The Private Placement will be made pursuant to an exemption from Canadian prospectus requirements and the Common Shares issued thereto will be subject to restrictions on resale for a period of four months and one day from the closing of the Private Placement under applicable Canadian securities legislation.
The Company expects the net proceeds of the Offering and the Private Placement to be used towards the development of the Matawinie mine project and LiB anode plant project and for general working capital and corporate expense needs.
In connection with the Offering, Nouveau Monde has filed a final prospectus supplement to the Company’s existing base shelf prospectus filed in Canada and the Company’s United States registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission under the U.S.-Canada multijurisdictional disclosure system. The Offering was made in the United States and in each of the provinces of Canada. The Prospectus Supplement, the Base Shelf Prospectus and the Registration Statement contain important information about the Company and the Offering. The Prospectus Supplement filed in Canada (together with the related Base Shelf Prospectus) is available on SEDAR at www.sedar.com. The Prospectus Supplement filed in the United States (together with the Registration Statement) is available on the SEC’s website at www.sec.gov. Alternatively, the Prospectus Supplement filed in Canada (together with the related Base Shelf Prospectus) and the Prospectus Supplement filed in the United States (together with the Registration Statement) may be obtained upon request from any of the following sources: Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at (888) 474-0200 or by e-mail at email@example.com; or in Canada by contacting BMO Capital Markets, Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2 by telephone at 905-791-3151 Ext 4312 or by email at firstname.lastname@example.org, and in the United States by contacting BMO Capital Markets Corp., Attn: Equity Syndicate Department, 3 Times Square, 25th Floor, New York, NY 10036, or by telephone at (800) 414-3627 or by email at email@example.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction. The securities being offered and the contents of this press release have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon by the accuracy or adequacy of the Prospectus Supplement, the Base Shelf Prospectus or the Registration Statement.
About Nouveau Monde
Nouveau Monde is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully-integrated source of green battery anode material in Québec, Canada. Targeting commercial operations by 2023, the Company is developing advanced carbon-neutral graphite-based material solutions for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, Nouveau Monde aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high performing and reliable advanced materials while promoting sustainability and supply chain traceability.
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We acknowledge the [financial] support of the Government of Canada.