NMG Pays Accrued Interests
NMG Pays Accrued Interests
MONTRÉAL--(BUSINESS WIRE)--March 31, 2023--Nouveau Monde Graphite Inc. (“NMG”
or the “Company”) (NYSE: NMG, TSX.V: NOU) announces today the payment of accrued
interests as part of a previously announced private placement.
Settlement of accrued interests
Upon the approval of the TSX Venture Exchange and the New York Stock Exchange (the
“Exchanges”), the accrued interests owed to Investissement Québec, Pallinghurst Bond Limited
and Mitsui & Co., Ltd. (the “Holders”) for the first quarter of 2023 under the unsecured
convertible notes (the “Notes”) issued in connection with the private placement announced by
press release dated November 8, 2022 will be deemed paid.
234,039 common shares at a price of US$5.11 (each, a “Common Share”) representing an
aggregate amount of US$1,195,938 will be issued and share certificates will be delivered to the
Holders at the maturity or conversion of the Notes in payment of the accrued interests due on
March 31, 2023 for the first quarter of the year. The issuance of Common Shares is subject to the
approval of the Exchanges and, when issued, will be subject to a hold period of four (4) months
and one day.
Amended and Restated Notes
In addition, NMG will, subject to the approval of the Exchanges, amend and restate the Notes by
(i) removing the interest capitalization provisions, such that accrued interest will be deemed paid
in full at each quarter following the Exchanges approval, (ii) increasing the interest rate to the
greater of (a) 7% and (b) the 3-month Term SOFR plus 5% and (iii) permitting NMG to deliver
share certificates to the Holders upon maturity, conversion or redemption, as the case may be, of
the Notes.
About Nouveau Monde Graphite
NMG is striving to become a key contributor to the sustainable energy revolution. The Company
is working towards developing a fully integrated source of carbon-neutral battery anode material
in Québec, Canada for the growing lithium-ion and fuel cell markets. With enviable ESG
standards, NMG aspires to become a strategic supplier to the world’s leading battery and
automobile manufacturers, providing high-performing and reliable advanced materials while
promoting sustainability and supply chain traceability. www.NMG.com
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Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including,
but not limited to those describing the potential conversion of the Notes, the issuance of the
Common Shares and those statements which are discussed under the “About Nouveau Monde
Graphite” paragraph and elsewhere in the press release which essentially describe the
Company’s outlook and objectives, constitute “forward-looking information” or “forward-
looking statements” (collectively, “forward-looking statements”) within the meaning of
Canadian and United States securities laws, and are based on expectations, estimates and
projections as of the time of this press release. Forward-looking statements are necessarily
based upon a number of estimates and assumptions that, while considered reasonable by the
Company as of the time of such statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. These estimates and assumptions
may prove to be incorrect. Moreover, these forward-looking statements were based upon various
underlying factors and assumptions, including the current technological trends, the business
relationship between the Company and its stakeholders, the ability to operate in a safe and
effective manner, the timely delivery and installation of the equipment supporting the production,
the Company’s business prospects and opportunities and estimates of the operational
performance of the equipment, and are not guarantees of future performance.
Forward-looking statements are subject to known or unknown risks and uncertainties that may
cause actual results to differ materially from those anticipated or implied in the forward-looking
statements. Risk factors that could cause actual results or events to differ materially from current
expectations include, among others, delays in the scheduled delivery times of the equipment, the
ability of the Company to successfully implement its strategic initiatives and whether such
strategic initiatives will yield the expected benefits, the availability of financing or financing on
favorable terms for the Company, the dependence on commodity prices, the impact of inflation
on costs, the risks of obtaining the necessary permits, the operating performance of the
Company’s assets and businesses, competitive factors in the graphite mining and production
industry, changes in laws and regulations affecting the Company’s businesses, political and
social acceptability risk, environmental regulation risk, currency and exchange rate risk,
technological developments, the impacts of the global COVID-19 pandemic and the
governments’ responses thereto, and general economic conditions, as well as earnings, capital
expenditure, cash flow and capital structure risks and general business risks. A further
description of risks and uncertainties can be found in NMG’s Annual Information Form dated
March 23, 2023, including in the section thereof captioned “Risk Factors”, which is available
on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Unpredictable or unknown
factors not discussed in this Cautionary Note could also have material adverse effects on
forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause,
actual results to differ materially from those expressed or implied in any forward-looking
statements. There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in
such statements. Forward-looking statements are provided for the purpose of providing
information about management’s expectations and plans relating to the future. The Company
disclaims any intention or obligation to update or revise any forward-looking statements or to
explain any material difference between subsequent actual events and such forward-looking
statements, except to the extent required by applicable law.
The market and industry data contained in this press release is based upon information from
independent industry publications, market research, analyst reports and surveys and other
publicly available sources. Although the Company believes these sources to be generally
reliable, market and industry data is subject to interpretation and cannot be verified with
complete certainty due to limits on the availability and reliability of raw data, the voluntary
nature of the data-gathering process and other limitations and uncertainties inherent in any
survey. The Company has not independently verified any of the data from third-party sources
referred to in this press release and accordingly, the accuracy and completeness of such data is
not guaranteed.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
Further information regarding the Company is available in the SEDAR database
(www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the
Company’s website at: www.NMG.com
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall
there be any sale of the securities in any state in which such offer, solicitation or sale would be
unlawful. The securities being offered have not been, nor will they be, registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be
offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons
absent registration or an applicable exemption from the registration requirements of the U.S.
Securities Act and applicable state securities laws. "United States" and "U.S. person" are as
defined in Regulation S under the U.S. Securities Act.
Contacts
MEDIA
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993