Nemaska Lithium Inc. (TSX:NMX,OTCQX:NMKEF) announce that it has completed its previously announced public offering (the “Offering”), for aggregate gross proceeds of $69,000,115.

Nemaska Lithium Inc. (TSX:NMX,OTCQX:NMKEF) announce that it has completed its previously announced public offering (the “Offering”), for aggregate gross proceeds of $69,000,115.
As quoted in the press release:

In connection with the Offering, the Corporation issued a total of 60,000,100 units of the Corporation, which included the exercise of the over-allotment option in full, at a price of $1.15 per unit (the “Offering Price”). The Offering was completed through Dundee Securities Ltd. acting as lead agent, and including Cormark Securities Inc., CIBC World Markets Inc., GMP Securities L.P., Desjardins Securities Inc., Echelon Wealth Partners Inc. and Jett Capital Advisors, LLC (collectively, the “Agents”).
The Corporation intends to use the net proceeds of the Offering for engineering fees in relation to the Whabouchi Mine and concentrator and the Shawinigan hydromet plant, down-payments for long lead items, drilling and for general working capital purposes.
The Corporation is also pleased to announce its graduation to the Toronto Stock Exchange (the “TSX”) today pursuant to which all the common shares of the Corporation including the common shares issued pursuant to the Offering as well as the warrants issued pursuant to the Offering commenced trading on the TSX under the current stock symbol “NMX” for the common shares of the Corporation and “NMX.WT” for the warrants. As a result of the graduation to the TSX, the Corporation’s common shares were delisted from the TSX Venture Exchange.

Nemaska Lithium President and CEO, Guy Bourassa, stated:

This financing strengthens Nemaska Lithium from a project execution standpoint, as we can now progress the commercial mine and hydromet plant projects in a significant way.We are starting the detailed engineering work of both the hydromet plant and the mine site, ordering long lead items, as well as initiating construction of the main buildings at the Whabouchi mine site. This will allow us to continue our work in enclosed facilities during the winter of 2017, which is critical to keeping us on target for production in Q2 2018 when the market for lithium compounds is projected to be very tight on the supply side. With close to 90% of this offering going to over 30 institutional investors we have significantly broadened our shareholder base and increased our presence with international investors.

Connect with Nemaska Lithium Inc. (TSX:NMX,OTCQX:NMKEF) to receive an Investor Presentation.