Nemaska Lithium Arranges $13-million Private Placement

Nemaska Lithium Inc. (TSXV:NMX,OTCQX:NMKEF) announced it has arranged a private placement of an aggregate amount of $13-million, of which $10-million comes from Ressources Quebec Inc., acting as a mandatary for the government of Quebec and $3-million from the Cree community of Nemaska through the Nemaska Development Corp., the whole by the issuance of an aggregate of 38,235,295 units at a price of 34 cents per unit.
The proceeds of the Offering will be used to finance the construction and operation costs of the Phase 1 Plant that will produce lithium hydroxide and for general expenses.
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