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Apr. 11, 2013 03:22PM PST
Nemaska Lithium Inc (TSXV:NMX, OTCQX:NMKEF) announced that the company has closed its offering of an aggregate of 14,123,168 million units priced at C$0.30/unit for C$4,236,950 in line with the Base Shelf Prospectus last March 4, 2013.
Nemaska Lithium Inc (TSXV:NMX, OTCQX:NMKEF) announced that the company has closed its offering of an aggregate of 14,123,168 million units priced at C$0.30/unit for C$4,236,950 in line with the Base Shelf Prospectus last March 4, 2013.
As quoted in the press release:
We will use the proceeds from this Offering to immediately move forward with the construction of our Phase 1 Lithium Hydroxide/Carbonate Plant by ordering the long lead items; continue with the plant engineering work and for general administrative expenses and working capital,” said Guy Bourassa President and CEO of Nemaska . “In tandem we are in active discussions with other parties to secure additional financing for the balance of the Phase 1 Plant budget. These sources include strategic partners/investors, financial institutions and joint venture partners for the Phase 1 Plant.
Click here to read the full Nemaska Lithium Inc (TSXV:NMX, OTCQX:NMKEF) press release.
