Nemaska Lithium Inc NMKEF

Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.

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Nemaska Lithium Inc > Linkedin comment from nemaska concerning pallinghurst

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Comment by mick1888on Dec 27, 2019 6:54pm

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Post# 30495706

RE:RE:RE:RE:RE:Linkedin comment from nemaska concerning pallinghurst

The transaction being the LOI, nothing else. It is a way of stopping NMX from calling a halt or negotiating with others while having ongoing discussions with Pallinghurst.

TeddyBear wrote: If deal failed because NMX ask PG to modify offer, how do you call that ?

Additional Terms of the Letter of Intent

The LOI provides that, in case of termination of the transaction, Pallinghurst will be entitled to receive either a payment of a CAD 12M fee or, at its sole discretion, warrants providing for the issuance of such number of shares that represents 19.99% of the shares outstanding of Nemaska Lithium as at the date of the execution of the LOI at a price of CAD 0.25 per share, for a period of 12 months following the grant of such warrants. Issuance of the warrants is subject to the approval of the Toronto Stock Exchange.