NMG prices US$20 million public equity offering of 8,333,334 common shares at US$2.40 each to fund construction activities.
Nouveau Monde Graphite Inc. (NMG) has revealed the pricing details of their recent public equity offering. The offering consists of 8,333,334 common shares priced at US$2.40 per share, resulting in gross proceeds of US$20 million. Maxim Group LLC is the sole placement agent for the offering. The net proceeds from the offering, after deducting expenses, will be utilized by NMG for acquiring long-lead equipment and beginning specific construction activities.
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