congradulations to Eric this deal is serious , mojo ;) (lost my passwords) is back in the beast ! love the conditons from the group specialy those that reflect high interest for share value.. :
- Pallinghurst is entitled to appoint two directors to the board of directors of Nouveau Monde provided that Pallinghurst retains a minimum ownership of at least 10% of the Shares outstanding;
- As the Combined Equity Raise is expected to provide Nouveau Monde sufficient liquidity to fully fund its next stage of development, Nouveau Monde has agreed that, except for the Institutional Placement, it shall not raise additional equity financing without the prior written consent of Pallinghurst until the end of fiscal year 2019;
- Pallinghurst will not sell its Share for up to two years following the closing of the Pallinghurst Placement; and
- Nouveau Monde and Pallinghurst have agreed to work together exclusively for a 60 day-period from the closing of the Pallinghurst Placement to determine and negotiate in good faith the most appropriate equity funding plan for the entire capital required to bring the Matawinie project into commercial production (for more information on the costs related to the Matawinie Project, refer to press release dated October 25, 2018). The parties are under no obligation to reach an agreement on a funding plan but if an agreement is reached, a shareholder approval will be required.
- Read more at https://stockhouse.com/news/press-releases/2019/04/03/nouveau-monde-graphite-announces-a-private-placement-of-10-3-million-by-the#idK16uVbiErPTMsQ.99