Nemaska Lithium Inc NMKEF

Assuming residual value at the end of CCAA

[TeddyBear]

Even if low probability, rules are clear to recover at the best a few pennies on the dollar

https://www.pwc.com/ca/en/car/nemaskalithium/assets/nemaskalithium-001_122419.pdf

39. As of September 30, 2019, Nemaska had 847,634,338 common shares outstanding (the “Common Shares”). The more than 25,000 holders of the Common Shares (the “Shareholders”), who are mostly located in Qubec, are entitled to vote at all shareholder meetings, to dividends, if, as and when declared by the board of directors of Nemaska and, upon liquidation or winding-up of Nemaska, to share the residual assets of Nemaska. The Common Shares do not have any pre-emptive, conversion or redemption rights, and all have equal voting rights. Save and except for a pre-emptive right granted to Softbank Group Corp. (“Softbank”) under its investment agreement of May 31, 2018 with Nemaska and effective for so long as Softbank holds 5% of the Common Shares outstanding, there are no special rights or restrictions of any nature attached to any of the Common Shares, all of which rank equally as to all benefits which might accrue to the holders of the Common Shares.

[Bismuth08]

fait toi en pas...les avocats et financier de nemaska vont trouver une passe passe pour les radier sans compensation.