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Bullboard - Stock Discussion Forum 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.

GREY:NMKEF - Post Discussion

Nemaska Lithium Inc > Court documents- Missing guidance to shareholders
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Post by Nanuk37 on Dec 31, 2019 4:12pm

Court documents- Missing guidance to shareholders

After going through the Superior Court documents it is stated that following the reimbursement court order the Bonds to the bonds trusties, Nordics was holding a 100 millions assets warranty against NMX while mitigation get resolved. Witch prevail NMX from getting any financing agreement in the meantime, such as a deal with Pallinghurst. To me this is the kind of information that any shareholders would of benefit. Personally if I would of been made aware of the fact that NMX couldn’t legally close the deal with Pallinghurst a while back when the company was being informed through the litigation process with Nordics bonds (which probably explain the LOI extension period) I would of been able to make a clearer decision as a shareholder. Just saying
Comment by Nanuk37 on Dec 31, 2019 4:26pm
75. On December 12, 2019, the Bond Trustee informed the Bondholders that it would effect, pursuant to the Interim Distribution Order, a prepayment of the principle amount by distributing from the Escrow Account an amount of USD 350,000,000 as follows: (a) USD 332,500,000 to the Bondholders; and (b) USD 17,500,000 to itself as Bond Trustee’s Reserve.   14 76. In spite of the ...more  
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