Nouveau Monde Mining Enterprises Inc.
TSX VENTURE : NOU

Nouveau Monde Mining Enterprises Inc.

May 22, 2015 16:53 ET

Nouveau Monde Announces Final Closing of a $500,000 Private Placement

GATINEAU, QUÉBEC--(Marketwired - May 22, 2015) -

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES.

Nouveau Monde Mining Enterprises Inc. ("the Corporation") (TSX VENTURE:NOU) is pleased to announce that it has closed the second tranche of a non-brokered private placement of an aggregate number of 2,550,000 units of the Corporation, at a price of $0.10 per Unit, for an aggregate gross proceeds of $255,000, finalizing a $500,000 financing, the first tranche of which closed on May 6th, 2015.

Each unit is comprised of one common share of the Corporation and one-half of one common share purchase warrant. Each whole common share purchase warrant shall entitle the holder thereof to subscribe for one common share of the capital stock of the Corporation, at a price of $0.15 per common share, for a period of 12 months following the closing of the second tranche of the Units Offering.

The proceeds of the offering will be used by Nouveau Monde for its working capital and to incur exploration expenses on its properties. Maison Placements in Toronto received a cash payment of 3,500$ and 35,000 broker warrants to purchase up to 35,000 common shares in the capital stock of the Corporation, at a price of $0.15 per common share, within a delay of 12 months after the closing.

All securities issued under the second tranche of the Units Offering are subject to a restricted period of four months and a day, ending on September 22nd, 2015 under applicable Canadian securities legislation.

Following the radiation of an underlying asset in its last financial statement, 2,348,500 common shares of the Corporation were cancelled. This cancellation results from the application of the section 2.3 of the Surplus share escrow agreement applied to Tier 2 TSX Venture Stock Exchange (TSXV) companies signed between the Corporation insiders and the TSXV on the closing of the Qualifying Transaction in January 2013.

As a result of the financing and the escrowed shares cancellation, the Corporation will have 35,081,904 common shares issued and outstanding.

The Corporation expects to be able to file shortly all required documentation to satisfy the conditional acceptance of the TSX Venture Exchange pursuant to the Units Offering.

The securities issued under the second tranche of the Units Offering have not been registered under the United States Securities Act of 1933 (the "Act") or any state securities laws and may not be offered or sold absent registration under the Act and applicable state securities laws or an applicable exemption from the registration requirements thereof. This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction or an exemption there from.

About Nouveau Monde

Nouveau Monde is a mining exploration company holding a large portfolio of base and precious metals and industrial minerals in the province of Québec. Our business model is based on the generation of projects in new underexplored territories using the most advanced remote sensing and geophysical tools available in the industry. Our expertise with these modern tools allows us to save on exploration cost leading to much efficient area coverage to maximize discovery chances. Our company is looking to develop its prospects in partnership with the objectives to expose our shareholders to a multitude of possibilities to hit that game changing deposits. This leverage transforms every dollar spent by Nouveau Monde in many dollars of exploration on our properties.

This announcement is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the Act, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption. No public offering of securities is being made in the United States.

The statements herein that are not historical facts 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Eric Desaulniers, MSc, Geo
    President and Chief Executive Officer of Nouveau Monde
    (819) 923-0333