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Nouveau Monde Announces Filing of a Prospectus Supplement for At-The-Market Offering
MONTREAL / Jan 21, 2022 / Business Wire / Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (TSXV: NOU; NYSE: NMG; Frankfurt: NM9A) is pleased to a
About this update from Nouveau Monde Graphite Inc
[{"type":"text","content":"MONTREAL / Jan 21, 2022 / Business Wire / Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (TSXV: NOU; NYSE: NMG; Frankfurt: NM9A) is pleased to announce that it has filed a prospectus supplement establishing a new at-the-market equity offering (the “ATM Offering”). Canaccord Genuity is acting as lead agent for the ATM Offering and B. Riley and Roth Capital Partners are acting as co-agents (collectively, the “Agents”). The ATM Offering will allow the Company to offer for sale and issue up to US$75 million (or the equivalent in Canadian dollars) of common shares of the Company (the “Common Shares”) from time to time, at the Company's discretion. Any sales of Common Share under the ATM Offering will be made through \"at-the-market distributions\" as defined in Regulation 44-102 respecting Shelf Distributions, including sales made directly on the TSX Venture Exchange or the New York Stock Exchange or on any other trading market for the Common Shares in Canada or the United States. The Common Shares will be distributed at the market prices prevailing at the time of the sale. The Company is not obligated to make any sales of Common Shares under the ATM Offering. The net proceeds of the ATM Offering are expected to be used for the development of the Matawinie graphite mine and the Bécancour battery material plant, and for general working capital and corporate expense needs. Distributions of the Common Shares through the ATM Offering will be made pursuant to the terms of an equity distribution agreement dated January 21, 2022 (the “Distribution Agreement”) by and among the Company and the Agents, pursuant to which the Company may distribute Common Shares under the ATM Offering from time to time through the Agents, in accordance with the terms of the Distribution Agreement. A prospectus supplement (the \"Prospectus Supplement\") to the Company's short form base shelf prospectus dated May 19, 2021, as amended by the Amendment No. 1 dated January 19, 2022 (the \"Base Shelf Prospectus\") has been filed with the securities commissions or securities regulatory authorities in each of the provinces of Canada, and with the United States Securities and Exchange Commission (the \"SEC\") as part of the Company's registration statement Form F-10 (the \"Registration Statement\") under the United States/Canada multijurisdictional disclo...