GREY:NMKEF - Post by User
Post by
phantom666on Jan 30, 2020 11:46am
102 Views
Post# 30620119
We All Have To Wait
We All Have To Wait
till somewhere between April 17 and mid August for the winners to be announced. "The corporation today obtained an order from the court that approves Nemaska Lithium's proposed sale and investor solicitation process (SISP) to be conducted in consultation with the monitor and the corporation's financial advisers, National Bank Financial Inc. and Clarksons Platou Securities AS. These financial advisers have significant knowledge of the corporation's affairs as well as relevant expertise regarding SISP procedures....... The SISP is intended to generate interest in either a recapitalization of the corporation, or in the business or its assets, with the goal of maximizing return in respect of the corporation's assets and potentially creating the foundation of a plan of compromise or arrangement for all stakeholders of Nemaska Lithium...... The SISP procedures will commence on Feb. 28, 2020, with the transmission of a teaser letter to potentially interested parties. The deadline for submission of non-binding letters of intent is April 17, 2020, with a target closing date of the transaction in mid-August, 2020. Potential interested parties wishing to obtain more information on the SISP procedures may consult the monitor's website.