NMG Pays Accrued Interests
Nouveau Monde Graphite (NYSE: NMG, TSX.V: NOU) has announced the settlement of accrued interests for Q4 2024 through a share issuance arrangement. The company will issue 193,072 common shares at US$1.58 per share to Investissement Québec, totaling US$305,054 in accrued interests under an unsecured convertible note. The share issuance is pending approval from both the TSX Venture Exchange and New York Stock Exchange. Once approved, the shares will be subject to a four-month and one-day hold period, with certificates to be delivered upon the note's maturity, conversion, or redemption.
Nouveau Monde Graphite (NYSE: NMG, TSX.V: NOU) ha annunciato il pagamento degli interessi maturati per il quarto trimestre del 2024 attraverso un accordo di emissione di azioni. La società emetterà 193.072 azioni ordinarie a 1,58 USD ciascuna a Investissement Québec, per un totale di 305.054 USD di interessi maturati secondo una nota convertibile non garantita. L'emissione delle azioni è in attesa di approvazione sia da parte del TSX Venture Exchange che della New York Stock Exchange. Una volta approvate, le azioni saranno soggette a un periodo di blocco di quattro mesi e un giorno, con i certificati da consegnare alla scadenza della nota, alla conversione o al rimborso.
Nouveau Monde Graphite (NYSE: NMG, TSX.V: NOU) ha anunciado el pago de los intereses acumulados para el cuarto trimestre de 2024 a través de un acuerdo de emisión de acciones. La empresa emitirá 193,072 acciones ordinarias a 1.58 USD por acción para Investissement Québec, totalizando 305,054 USD en intereses acumulados bajo una nota convertible no asegurada. La emisión de acciones está pendiente de aprobación tanto por parte del TSX Venture Exchange como de la Bolsa de Valores de Nueva York. Una vez aprobadas, las acciones estarán sujetas a un período de restricción de cuatro meses y un día, con los certificados a entregarse al vencimiento, conversión o redención de la nota.
노부 몽드 그래파이트 (NYSE: NMG, TSX.V: NOU)는 2024년 4분기 누적 이자의 정산을 주식 발행 방식을 통해 발표했습니다. 회사는 193,072주 보통주를 주당 1.58 USD에 Investissement Québec에 발행할 예정이며, 이는 305,054 USD의 누적 이자에 해당합니다. 주식 발행은 TSX 벤처 거래소와 뉴욕 증권 거래소의 승인을 기다리고 있습니다. 승인이 완료되면, 주식은 4개월 1일의 보유 기간이 적용되며, 증서는 메모의 만기, 전환 또는 상환 시 발급됩니다.
Nouveau Monde Graphite (NYSE: NMG, TSX.V: NOU) a annoncé le règlement des intérêts accumulés pour le quatrième trimestre 2024 par le biais d'un accord d'émission d'actions. La société émettra 193 072 actions ordinaires à 1,58 USD par action à Investissement Québec, ce qui représente un total de 305 054 USD d'intérêts accumulés sous une note convertible sans garantie. L'émission d'actions est en attente d'approbation à la fois de la TSX Venture Exchange et de la New York Stock Exchange. Une fois approuvées, les actions seront soumises à une période de blocage de quatre mois et d'un jour, avec des certificats à remettre à l'échéance, à la conversion ou au remboursement de la note.
Nouveau Monde Graphite (NYSE: NMG, TSX.V: NOU) hat die Abwicklung der aufgelaufenen Zinsen für das vierte Quartal 2024 durch eine Aktienemission bekannt gegeben. Das Unternehmen wird 193.072 Stammaktien zu einem Preis von 1,58 USD pro Aktie an Investissement Québec ausgeben, was insgesamt 305.054 USD an aufgelaufenen Zinsen aus einer unbesicherten wandelbaren Anleihe entspricht. Die Aktienausgabe steht noch unter dem Vorbehalt der Genehmigung durch die TSX Venture Exchange und die New Yorker Börse. Nach Genehmigung unterliegen die Aktien einer Haltefrist von vier Monaten und einem Tag, wobei die Zertifikate bei Fälligkeit, Umwandlung oder Rückzahlung der Anleihe geliefert werden.
- Settlement of debt obligations without cash expenditure
- Maintains relationship with key institutional investor Investissement Québec
- Share issuance represents dilution for existing shareholders
- Accrued interest payment indicates ongoing debt burden
Insights
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 (“Holder”) for the fourth quarter of 2024 under the unsecured convertible note, as amended and restated, (the “Note”) issued in connection with the private placement announced by press release dated November 8, 2022, will be deemed paid.
193,072 common shares at a price of
About Nouveau Monde Graphite
Nouveau Monde Graphite is an integrated company developing responsible mining and advanced manufacturing operations to supply the global economy with carbon-neutral active anode material to power EV and renewable energy storage systems. The Company is developing a fully integrated ore-to-battery-material source of graphite-based active anode material in
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Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the potential conversion of the Notes, the issuance of the Common Shares and those statements which are discussed under the “About Nouveau Monde Graphite” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward- looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Canadian and
Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG’s Annual Information Form dated March 27, 2024, including in the section thereof captioned “Risk Factors”, which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Further information regarding the Company is available in the SEDAR+ database (www.sedarplus.ca), and for
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MEDIA
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
jpaquet@nmg.com
INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
mjasmin@nmg.com
Source: Nouveau Monde Graphite Inc.
FAQ
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