Nemaska Lithium Inc fka NMKEF

[balihi]

Nemaska Lithium to trade on TSX July 8

Nemaska Lithium Inc (C:NMX)
Shares Issued 252,433,755
Last Close 7/6/2016 $1.15
Wednesday July 6 2016 - New Listing

Nemaska Lithium Inc. shares and warrants will begin trading on the Toronto Stock Exchange at the open on July 8, 2016, according to the TSX. The TSX reports that Nemaska is a mining, non-exempt issuer developing spodumene lithium hard-rock deposits in Quebec. It has also developed its own patented proprietary electrolysis technology to produce lithium hydroxide and lithium carbonate from spodumene concentrate.

As stated in the company's July 4, 2016, prospectus, Nemaska is selling to the public 60,000,100 units at $1.15 per unit for gross proceeds of $69,000,115. Each unit consists of one share and one-half warrant, with each warrant exercisable at $1.50 per share until 5 p.m. (Montreal time) on the date that is 36 months after the closing date of the offering. The TSX reports that the units and warrants will separate immediately on completion of the offering.

According to the TSX, the shares will trade under the symbol NMX and Cusip No. 64045C 10 6, and there will be 312,433,855 shares outstanding and 84,481,507 shares reserved for issuance. The warrants will trade under the symbol NMX.WT and Cusip No. 64045C 21 3, with 30,000,050 warrants outstanding and 1,800,003 warrants reserved for issuance. The company will delist from the TSX Venture Exchange on commencement of trading on the TSX.


Read more at http://www.stockhouse.com/companies/bullboard/v.nmx/nemaska-lithium-inc#FU967wI1kE2GUkJg.99