Nouveau Monde Graphite (NMG) announced the payment of accrued interests for the fourth quarter of 2024 to Investissement Québec, as part of a previously announced private placement. This payment was made through the issuance of common shares, subject to the approval of the TSX Venture Exchange and the New York Stock Exchange.
A total of 193,072 common shares were issued at a price of US$1.58 per share, representing an aggregate amount of US$305,054. These shares will be delivered to the holder at the maturity, conversion, or redemption of the unsecured convertible note.
The issuance of these common shares is subject to a hold period of four months and one day. This transaction is a routine fulfillment of NMG's financial obligations under its convertible note agreement.
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