|
GATINEAU, CANADA--(Marketwired - Feb. 23, 2017) - Les Placements Charles-Armand Turpin inc. ("Placement"), a corporation wholly owned by Fiducie Familiale Turpin ("Fiducie") who is controlled by Charles-Armand Turpin, announced today that the 702,000 common shares of Nouveau Monde Graphite Inc. ("Nouveau Monde") kept under escrow in connection with a private placement closed on December 22, 2016 has now been released. Placement has subscribed for an aggregate of 4,348,000 common shares (the "Shares") of Nouveau Monde at a price of $0.23 per Share and 4,348,000 share purchase warrants (the "Warrants") for an aggregate gross proceeds of $1,000,040 (the "Subscription"). Each Warrant entitles the holder thereof to purchase one additional common share in the capital of Nouveau Monde at a price of $0.35 until December 22, 2018. Charles-Armand Turpin controls Fiducie who in turn has control or direction over, directly or indirectly the securities held by Placement and 8056188 Canada Inc. ("8056188"), a current shareholder of Nouveau Monde (collectively, the "Group"). After giving effect to the Subscription, Charles-Armand Turpin will be considered as a significant shareholder within the meaning of Regulation 55-104 respecting Insider Reporting Requirements and Exemptions. |
