- Mason Graphite (LLG) has signed an option and joint venture agreement with Nouveau Monde
- Concurrent with the execution of the OJV agreement, both companies have completed the private placement
- 5.0 million common shares of Mason Graphite were offered to Nouveau Monde at a price of $0.50 per initial share for gross proceeds of $2.5 million to Mason Graphite
- Nouveau Monde is striving to become a key contributor to the sustainable energy revolution
- Mason Graphite is a Canadian corporation focused on the production and transformation of natural graphite
- Mason Graphite Inc. opened trading at $0.37 per share
Mason Graphite (LLG) has closed the transactions under the investment agreement between the company and Nouveau Monde Graphite (NOU).
In accordance with that agreement, Mason Graphite has entered into an option and joint venture agreement (OJV Agreement) with Nouveau Monde.
Concurrent with the execution of the OJV agreement, both companies have completed the private placement of 5.0 million common shares of Mason Graphite to Nouveau Monde for $0.50 per initial share.
The private placement produced gross proceeds of $2.5 million for Mason Graphite.
The company plans to use the net proceeds from the sale of the initial shares to fund agreed expenses on the Lac Guéret property in line with the OJV agreement.
The initial shares will be subject to a four-month hold period pursuant to applicable securities laws.
Mason Graphite is a Canadian corporation focused on the production and transformation of natural graphite.
Nouveau Monde is striving to become a key contributor to the sustainable energy revolution.
Mason Graphite Inc. opened trading at $0.37 per share.