Nouveau Monde Graphite Inc. (“NMG” or the “Company”) announces the payment of accrued interests as part of a previously announced private placement.
Settlement of accrued interests
Upon the approval of the TSX Venture Exchange and the New York Stock Exchange (the “Exchanges”), the accrued interests owed to Investissement Québec, Pallinghurst Bond Limited and Mitsui & Co., Ltd. (the “Holders”) for the third quarter of 2023 under the unsecured convertible notes, as amended and restated, (the “Notes”) issued in connection with the private placement announced by press release dated November 8, 2022, will be deemed paid.
492,783 common shares at a price of US$2.66 (each, a “Common Share”) representing an aggregate amount of US$1,310,803 will be issued and share certificates will be delivered to the Holders at the maturity, conversion or redemption of the Notes in payment of the accrued interests due on September 30, 2023, for the third quarter of the year. The issuance of Common Shares is subject to the approval of the Exchanges and, when issued, will be subject to a hold period of four (4) months and one day.
