The NMX Lithium Shareholders Group The NMX Lithium Shareholder Group :update - April 27, 2020. We quickly and in the midst of the financial crisis accomplished a lot together. We are now a non-profit organization (NPO) with 2,200 people on Facebook, 1,400 shareholders with nearly 70 million shares, of which 1,000 shareholders have signed our proxies representing 56 million shares.
Another confidential consortium of shareholders who are holding 80 million shares also support the our Organization. We are collectively an important stakeholder controlling the votes of 136 million shares. During a possible general meeting of shareholders of Nemaska, if Nemaska is relaunched in September 2020, we will have the power to exert a significant influence on the decisions taken in order to protect our shareholders.
Our invitation to be represented on an individual basis by Me Jean Lozeau was very successful; 850 mandates were received at $100 each on April 27, 2020. Me Jean Lozeau of GGP now has the financial resources and a strong mandate to represent us with various stakeholders to promote refinancing of Nemaska.
Our shareholders represented by Me Jean Lozeau have also filed a claim with Price Waterhouse Coopers (PwC). Over 900 claims by our members have been received by PwC.
Next steps We are a pressure group to promote the refinancing of Nemaska. To achieve this goal, we must continue our public relations and political pressure campaign to influence decision makers, politicians and the Nemaska Lithium Board.
We will continue to publish press releases, to contact local, provincial and federal elected officials in order to underline the great importance of not permitting that our 25,000 small shareholders “lose their shirts” in this investment.!
We need everyone for this social media campaign: Facebook, Twitter and LinkedIn. We could, for example, make a video to convince everyone of the importance of re-launching Nemaska.
Our work, with Me Jean Lozeau, will extend over a period of 4 months that is until August 24. On that date, the final offers for sale or refinancing of Nemaska will be known. Nemaska, Investissement Qubec, major creditors and elected officials, notably Minister Fitzgibbon and Prime Minister Franois Legault should intervene to encourage refinancing. Our Organization wants to avoid the purchase and privatization of Nemaska which would cause zero value for our NMX shares.
The refinancing, led by the National Bank of Canada (BNC), involves the following stages:
1) the submission of qualified offers on June 30, 2020;
2) an auction (if two offers are equal) on July 14, 2020;
3) the choice and approval by the board of directors of Nemaska, the controller of PwC and judge Gouin of the winning bid, on July 20, 2020 and;
4) on August 14, 2020, (Target Closing Date) the taking possession and the payment of the funds of the winning bid.
Our organization is now recognized by PwC, Nemaska Board, BNC, which directs the financing process for Nemaska Lithium, the major creditors, their lawyers and Abel Bosum, grand chief of the Grand Council of the Crees.
Me Jean Lozeau will represent us before the lawyers involved and the judge Gouin involved in the protection of creditors of Nemaska until the conclusion of this case in September 2020.
We all have a common interest, the refinancing and revival of Nemaska. This revival would be great news for Quebec’s economy, for the environment, for the Quebec mining sector, for the future operator of Nemaska and for us, the shareholders.
We invite all Nemaska shareholders to become members of our Facebook group, to grant the proxy to our Organization for their shares, to give a mandate ($ 100) to Me Jean Lozeau and to contribute by a donation to the pursuit of our steps to refinance Nemaska. All information in Procedure at:
https://nmx.zone/ Alain Clavet, Chairman of the Board of Directors
NMX Lithium shareholders group
nmxinvestorsgroup@gmail.com 905-367-8419