NEMASKA LITHIUM COMPLETES $69 MILLION FINANCING
AND COMMENCES TRADING ON THE TORONTO STOCK EXCHANGE
Quebec, July 8, 2016. Nemaska Lithium Inc. (“Nemaska” or the “Corporation”) (TSX: NMX) (OTC:
NMKEF) is pleased to announce that it has completed its previously announced public offering
(the “Offering”), for aggregate gross proceeds of $69,000,115.
In connection with the Offering, the Corporation issued a total of 60,000,100 units of the Corporation,
which included the exercise of the over-allotment option in full, at a price of $1.15 per unit (the
“Offering Price”). The Offering was completed through Dundee Securities Ltd. acting as lead agent,
and including Cormark Securities Inc., CIBC World Markets Inc., GMP Securities L.P., Desjardins
Securities Inc., Echelon Wealth Partners Inc. and Jett Capital Advisors, LLC (collectively, the “Agents”).
The Corporation intends to use the net proceeds of the Offering for engineering fees in relation to the
Whabouchi Mine and concentrator and the Shawinigan hydromet plant, down-payments for long lead
items, drilling and for general working capital purposes.
“This financing strengthens Nemaska Lithium from a project execution standpoint, as we can now
progress the commercial mine and hydromet plant projects in a significant way,” commented Guy
Bourassa, President and CEO of Nemaska Lithium. “We are starting the detailed engineering work of
both the hydromet plant and the mine site, ordering long lead items, as well as initiating construction
of the main buildings at the Whabouchi mine site. This will allow us to continue our work in enclosed
facilities during the winter of 2017, which is critical to keeping us on target for production in Q2 2018
when the market for lithium compounds is projected to be very tight on the supply side.” Bourassa
continued “With close to 90% of this offering going to over 30 institutional investors we have
significantly broadened our shareholder base and increased our presence with international investors.”
The Corporation is also pleased to announce its graduation to the Toronto Stock Exchange (the “TSX”)
today pursuant to which all the common shares of the Corporation including the common shares
issued pursuant to the Offering as well as the warrants issued pursuant to the Offering commenced
trading on the TSX under the current stock symbol “NMX” for the common shares of the Corporation
and “NMX.WT” for the warrants. As a result of the graduation to the TSX, the Corporation’s common
shares were delisted from the TSX Venture Exchange.
This press release does not constitute an offer of securities for sale in the United States or to “U.S.
persons” (“U.S. persons”), as such term is defined in Regulation S promulgated under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”). The securities being offered have not
been, nor will be, registered under the U.S. Securities Act or any state securities laws, and may not be
offered or sold in the United States or to U.S. persons absent registration or an applicable exemption
from such registration requirements.
