Nemaska Lithium Inc. (TSXV:NMX,OTCQX:NMKEF) announced the issuance of 500,000 common shares in favour of the vendor of the Whabouchi property, pursuant to the acquisition agreement dated September 17, 2009.
As quoted in the press release:
Following the filing of the Feasibility Study, Nemaska had to issue a final block of 500,000 common shares in favour of the Vendor. The Whabouchi Property is 100% owned by Nemaska and the Vendor retains a 3% NSR royalty, of which 1/3 may be bought back for an amount of $1M at any time.
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