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Nouveau Monde Graphite Inc. (NMG) has successfully closed two private placements totaling US$37.5 million from Mitsui & Pallinghurst. The investments were confirmed on February 15, 2024, and May 1st, 2024. Mitsui & Pallinghurst are the investors. More information can be found on NMG's press releases on SEDAR, EDGAR, and the company's website.
Nouveau Monde Graphite Inc. (NYSE:NMG, TSXV: NOU) secured shareholder approval for private placements totaling US$37.5M by Mitsui and Pallinghurst. The placements involve surrendering and canceling convertible notes dated November 8, 2022, with closing set for May 2, 2024. Mitsui's US$25M and Pallinghurst's US$12.5M private placements received disinterested shareholder approval, adhering to Regulation 61-101 and Policy 5.9. The company engaged Fort Capital Partners for a valuation analysis, determining the placements as fair. Shareholders voted in favor of all resolutions, including creating new control persons for Mitsui, General Motors , and Panasonic Holdings Mitsui and Pallinghurst will exchange their convertible notes for common shares and warrants, subject to TSX Venture Exchange approval.
Mason Resources Inc. congratulates Black Swan Graphene on the successful launch of their Graphene-Enhanced Commercial Masterbatches called GraphCore, which offer price-performance improvements without supply chain disruption. The products are available through globally represented distributors and are currently undergoing external industrial trials in various polymers.
