Nouveau Monde Graphite (TSX.V: NOU)
Has entered into an agreement with BMO Capital Markets (“BMO”), under which BMO has agreed to buy on bought deal basis 10,345,000 common shares, at a price of C$1.45 per Common Share (the “Offering Price”) for gross proceeds of approximately C$15 million.
|Nouveau Monde||TSX.V : NOU|
|Market cap||C$460 m @ C$1.75|
This is quite a discount to the trading price today, and I’m a little surprised the price didn’t fall back towards the financing price after the announcement.
Having said that the final two trades, (both under minimum lot size), were for C$1.60, so we shall see if it opens lower in the next trading session.
NOU has really grown as a company in the last year, that they can raise such funds is a testimony to how well the company has been run in my view.
.Nouveau Monde Announces C$20-Million Financing
Nouveau Monde Announces C$20 Million Financing
About Nouveau Monde Graphite
Nouveau Monde Graphite is set to become a key operator in the sustainable energy revolution. The Company is developing the only fully integrated source of green battery anode material in the Western World.
Targeting full-scale commercial operations by early 2023, the Company will provide advanced carbon-neutral graphite-based material solutions to the growing lithium-ion and fuel cell markets.
With low-cost operations and the highest of ESG standards, Nouveau Monde Graphite will become a strategic supplier to the world’s leading battery– and automakers, ensuring robust and reliable advanced material while guaranteeing supply chain traceability.
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