QUEBEC CITY, QUEBEC--(Marketwire - Feb. 8, 2013) -
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Nemaska Lithium Inc. ("Nemaska" or the "Corporation"), (TSX VENTURE:NMX), announces that it has filed a preliminary short form base shelf prospectus with the securities regulatory authorities in the Provinces of Québec, Ontario, Alberta and British-Columbia. These filings, when made final, will allow the Corporation to make offerings of common shares, debt securities, convertible securities, subscription receipts and warrants (collectively, the "Securities") or any combination thereof up to a maximum of CAD$100,000,000 during the 25-month period that the final short form base shelf prospectus, including any amendments thereto, remains effective. Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying shelf prospectus supplement and, subject to applicable regulations, may include private placements, public offerings or strategic investments.
Mr. Guy Bourassa, President, Chief Executive Officer and Secretary of the Corporation commented: "By filing the shelf base prospectus we are signalling to the market that we are serious about proceeding with our project and moving into production. Over the next 25 months, this prospectus provides us with the flexibility to raise the necessary funds, through a variety of financial tools. We plan to be engaging potential lithium customers with lithium hydroxide and lithium carbonate samples beginning in January 2014 through our Phase 1 Plant, enabling us to sign off-take agreements in advance of building our larger chemical plant and mine."
The Corporation plans to raise capital in the next 25 months to fund the construction of a Phase 1 processing facility in Salaberry-de-Valleyfield, Québec, to make deposits for the acquisition of long lead items in connection with the construction of a mine and a concentrator on the Whabouchi property, for the completion of the feasibility study and other studies in order to obtain the required environmental permits for such property as well as for general corporate purposes.
A copy of the preliminary short form base shelf prospectus may be obtained from the Corporation's Corporate Secretary by emailing[email protected] or directing a request to Nemaska Lithium inc. at 450, rue de la Gare-du-Palais, C.P. 10, 1er étage, Québec (Québec) G1K 3X2, Telephone (418) 704- 6038, Attn: Corporate Secretary, or can be found on SEDAR at www.sedar.com.
The securities 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 therefrom.