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| Home : Nemaska Lithium Receives First $5M Tranche from Ressources Quebec Inc. for Phase 1 Lithium Hydroxide Plant |
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May 25
2016 |
Nemaska Lithium Receives First $5M Tranche from Ressources Quebec Inc. for Phase 1 Lithium Hydroxide Plant |
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QUÉBEC CITY, QUÉBEC--(Marketwired - May 24, 2016) - Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX)(OTCQX:NMKEF) is pleased to announce that it has received the first $5M tranche from Ressources Québec Inc., a subsidiary of Investissement Québec,, acting as a mandatary for the government of Québec. The private placement with Ressources Québec totalling $10M was announced on March 11, 2016 and was held in escrow until the closing of the Johnson Matthew Battery Materials transaction (announced on May 11, 2016). The remaining balance of $5M is being held in escrow and will be released to Nemaska Lithium upon achievement of certain project milestones for the Phase 1 Plant. |
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| Source:http://www.marketwired.com/mw/release.do?id=2127980&sourceType=3 |
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