Nemaska Lithium Completes Its CAD 1.1 Billion Financing Package - Seite 2

Pursuant to the Public Offering, the Corporation issued 280,000,000 common shares (the “Offered Shares”) at a price of CAD 1.00 per Offered Share (the “Offering Price”), for aggregate gross proceeds of CAD 280M.

For further terms and details of the Public Offering, please refer to the Corporation’s press release dated May 22, 2018 and the Prospectus which is filed under the Corporation’s profile on SEDAR at www.sedar.com. 

Contemporaneous Private Placement

Contemporaneously with the Public Offering, the Corporation completed the Contemporaneous Private Placement with Ressources Québec, pursuant to which the Corporation has issued 80,000,000 common shares (“Private Placement Shares”) at the Offering Price for aggregate gross proceeds of CAD 80M.  The Private Placement Shares will be subject to a restriction on resale of four months and one day from the date hereof.

Bond Offering

The Bond Offering was completed on a private placement basis through Clarksons Platou Securities and Pareto Securities, as joint lead managers.

The Bonds issued in the aggregate principal amount of USD 350M (approximately CAD 455M) are USD-denominated with a maturity date of May 30, 2023, unless called by the Corporation prior to maturity, and bear interest at a rate of 11.25% per annum.  Interest is payable quarterly and in arrears on the relevant interest payment date in February, May, August and November of each year, commencing on August 30, 2018.

An amount equal to the gross proceeds of the Bond Offering together with the 3 month interest payment obligation (the “Bond Funds”) has been placed into a USD escrow account (the “Trust Account”) pending the satisfaction of certain conditions precedent by the Corporation on or prior to August 30, 2018 (the “Long Stop Date”).  The Trust Account has been pledged in favour of the Bondholders.  The Bonds will be reimbursed, with accrued interest, from the Bond Funds in the event that the Corporation has not, prior to the Long Stop Date, met the requisite conditions precedent.  Such conditions precedent to the Long Stop Date include but are not limited to, the first tranche under the Streaming Agreement (as defined below) being released, the Corporation having obtained various material project documents, the inter-creditor agreement with Orion (as defined below) having been entered into and the security package over all assets to be charged in connection with the Bond Offering having been executed and rendered opposable to third parties.