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Re: stayfocused post# 9712

Tuesday, 03/19/2013 12:28:02 AM

Tuesday, March 19, 2013 12:28:02 AM

Post# of 59579
Nemaska Lithium Launches a C$25Million QSSP II Eligible Offering

March 14, 2013
QUEBEC CITY, QUEBEC--(March 14, 2013) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Meantime over at our neighbors's lithium property....................

Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX)(OTCQX:NMKEF) has filed a Prospectus Supplement to the Base Shelf Prospectus dated March 4, 2013 with the securities regulatory authorities in each of the Provinces of Québec, Ontario, Alberta and British-Columbia, in relation to a marketed offering (the "Offering") of 62,500,000 units ("Units") in the capital of the Corporation at a price of C$0.40 per unit. Each unit is comprised of one common share of Nemaska ("Unit Share") and half of a common share purchase warrant ("Warrant"). Each whole Warrant is exercisable for a period of 24 months from the date of closing to purchase one common share of Nemaska at a price of $0.55. The Offering is expected to close on or around March 28, 2013.

The Corporation has received an advance ruling from the Ministère du Revenu du Québec confirming that the Corporation is a qualified issuing corporation for the purposes of the Québec Stock Savings Plan II ("QSSP II") and that the Common Shares forming part of the Units are qualified shares for a QSSP II qualified mutual fund.

The Offering is being conducted on a best efforts marketed basis through a syndicate of investment dealers co-led by Euro Pacific Canada inc. as sole bookrunner and Casimir Capital Ltd., and including, Mackie Research Capital Corporation Limited and National Bank Financial (collectively, the "Agents").

The Corporation has also granted the Agents an option (the "Over-Allotment Option"), exercisable no later than 30 days after the Closing Date, to purchase additional Units (the "Over-Allotment Units") at the Offering Price and/or additional Warrants (the "Over-Allotment Warrants" and together with the Over-Allotment Units, the "Additional Securities"). The maximum number of Over-Allotment Units shall be equal to 15% of the total Units sold in the Offering (being up to 9,375,000 Over-Allotment Units) less the number of Over-Allotment Warrants, if any, purchased by the Agents. The maximum number of Over-Allotment Warrants shall be equal to 15% of the total Units sold in the Offering less the number of Over-Allotment Units, if any, purchased by the Agents.

The Corporation plans to use the proceeds of the offering to start the detailed engineering and to make deposits for the acquisition of long lead items in connection with the construction of a Phase 1 processing plant in Salaberry-de-Valleyfield, Québec. Also, the net proceeds will be used to start the construction of the Phase 1 processing plant, continue with the permitting process and studies for the Whabouchi project in order to obtain the required environmental permit for such property as well as for general corporate purposes.

A copy of the Prospectus Supplement may be obtained from the Corporation's Corporate Secretary by emailing info@nemaskalithium.com or directing a request to Nemaska Lithium inc. at 450, rue de la Gare-du-Palais, 1st floor, Québec (Québec) G1K 3X2, Telephone (418) 704-6038, Attn: Corporate Secretary, or can be found on SEDAR at www.sedar.com.