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BRIEF-Nouveau Monde Graphite Announces Private Placement Of $10.3 Mln By The Pallinghurst Group

Published 2019-04-03, 08:24 a/m
BRIEF-Nouveau Monde Graphite Announces Private Placement Of $10.3 Mln By The Pallinghurst Group
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April 3 (Reuters) - Nouveau Monde Graphite Inc NOU.V :

* NOUVEAU MONDE GRAPHITE ANNOUNCES A PRIVATE PLACEMENT OF $10.3 MILLION BY THE PALLINGHURST GROUP, A LEADING GLOBAL MINING INVESTOR

* NOUVEAU MONDE MINING ENTERPRISES INC - UPON CLOSING PALLINGHURST WILL HOLD APPROXIMATELY 19.99% OF SHARES

* NOUVEAU MONDE MINING ENTERPRISES - PALLINGHURST AGREED TO SUBSCRIBE TO 43.8 MILLION SHARES IN CAPITAL OF CORPORATION AT $0.235 PER SHARE

* NOUVEAU MONDE MINING - INTENDS TO COMPLETE A SECOND PRIVATE PLACEMENT TO SELECTED EXISTING INSTITUTIONAL SHAREHOLDERS AND OTHER INVESTORS

* NOUVEAU MONDE MINING - COMBINED PROCEEDS OF PALLINGHURST PLACEMENT AND INSTITUTIONAL PLACEMENT ARE EXPECTED TO BE APPROXIMATELY C$22 MILLION

* NOUVEAU MONDE - COMBINED EQUITY RAISE EXPECTED TO PROVIDE NOUVEAU MONDE WITH SUFFICIENT FUNDING FOR ITS NEXT STAGE OF DEVELOPMENT OF MATAWINIE PROJECT

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