Nemaska Lithium Inc fka NMKEF

[HowardHughs]

MONTREAL, Aug. 24, 2020 (GLOBE NEWSWIRE) -- Nemaska ??Lithium Inc. (“Nemaska Lithium” or the “Corporation”) announces today that it has accepted a sale proposal structured as a credit bid (the “Bid”) from a group (the “Buyers’ Group”) made up of the Corporation’s largest secured creditor, Orion Mine Finance (“Orion”), Investissement Québec and The Pallinghurst Group, acting through a new entity named Quebec Lithium Partners (The Pallinghurst Group collectively with Investissement Québec being hereinafter, the “Sponsors”), at the conclusion of its previously announced Sale or Investor Solicitation Process (the “SISP”) under the Companies’ Creditors Arrangement Act (the “CCAA”). https://finance.yahoo.com/news/nemaska-lithium-accepts-sale-proposal-160000628.html