Nemaska Lithium Inc NMKEF

RE:NMX - Softbank - Computershare !

[HabberPlease]

Thanks for the heads-up Murphylaw! So the magic number is US$710,000,000...

[...]
“Escrow Release Conditions” means:

1. no Termination Event having occurred;
2. the occurrence of the following:

• the Company shall have completed one or more public and/or private equity offerings, provided that the Investor’s Percentage (as defined in the Investment Agreement) as of the Escrow Release Date shall not be less than 5% after giving effect to the completion of all of such offerings
• the Company shall have entered into the Orion Purchase and Sale Agreement;
• the Company shall have received irrevocable commitments for financing by way of corporate bonds (a “Bond Offering”) and/or bank loans; provided that, in the case of any such Bond Offering, the proceeds thereof shall have been deposited into escrow and, in the case of bank loans, such amounts shall be available to the Company upon satisfaction of customary disbursement conditions; and
• the total amount of funding consummated by the Company as set forth above, by adding the final amounts raised for items (A), (B) and (C) immediately above, including the Proceeds (as defined in the Investment Agreement), shall be no less than US$710,000,000, provided that, for the purpose of calculating this amount, any amount received by the Company in Canadian dollars as part of any transaction set forth in items (A), (B) and (C) shall be deemed converted into U.S. dollars based on an exchange rate of US$0.77;

       3. the Company shall have taken all actions required to appoint the Investor’s Nominee (as defined in the Investment Agreement) to theboard of

[...]

Murphylaw wrote: SUBSCRIPTION RECEIPT AGREEMENT on SEDAR today ! 

...if you want to read about it !