Nemaska Lithium Inc.
TSX : NMX

Nemaska Lithium Inc.

June 29, 2017 08:40 ET

Nemaska Lithium Completes a $50 Million Bought Deal Public Offering

QUEBEC CITY, QUÉBEC--(Marketwired - June 29, 2017) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX) is pleased to announce that it has completed its previously announced bought deal public offering (the "Offering"), for aggregate gross proceeds of $50,001,000.

In connection with the Offering, the Corporation issued a total of 47,620,000 common shares of the Corporation (the "Common Shares") at a price of $1.05 per Common Share. The Offering was completed on a bought deal basis through a syndicate of underwriters comprised of National Bank Financial Inc., Echelon Wealth Partners Inc., Cormark Securities Inc. and Eight Capital, acting as co-lead underwriters, and of CIBC World Markets Inc., Canaccord Genuity Corp., Industrial Alliance Securities Inc. and Laurentian Bank Securities Inc.

The terms and the details of the Offering were previously announced by the Corporation on June 22, 2017 and June 12, 2017, and are provided in the Corporation's short form final prospectus filed with SEDAR (http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00027813).

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to a U.S. person absent registration or an applicable exemption from such registration requirements.

About Nemaska Lithium

Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Québec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be completed in Shawinigan, Québec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which the Corporation holds eight granted patents and several patent applications that are pending in different countries, covering different aspects and improvements of its proprietary technology for preparing high purity lithium hydroxide and carbonate.

All statements, other than statements of historical fact, contained in this press release including, but not limited to statements regarding the above "About Nemaska Lithium" paragraph which essentially describe the Corporation's outlook are forward‐looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward-looking statement.

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