The Conversation (0)
Nov. 14, 2014 11:42AM PST
Nemaska Lithium (TSXV:NMX) has closed the first tranche of its previously announced offering for gross proceeds of $1,250,000. Nemaska will use the proceeds to continue the permitting process for its projects and to build and operate a mine and concentrator on the Whabouchi property.
As quoted in the press release:
Each Unit consist 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 will entitle its holder to purchase one Common Share, at a price of $0.25 per Common Share, on the date that is 12 months following the closing date of the Offering.
Click here to read the Nemaska Lithium (TSXV:NMX) press release
NMX:CA