News Feed Item
Nouveau Monde Announces the Closing of a Private Placement With GRIT, the Acquisition of Mining Claims in the Matawinie Sector and a Grant of Stock Options
|By Marketwired .
|March 7, 2014 05:00 PM EST
GATINEAU, QUEBEC -- (Marketwired) -- 03/07/14 -- Nouveau Monde Mining Enterprises Inc. (TSX VENTURE:NOU) ("Nouveau Monde" or the "Corporation") is pleased to announce that the Corporation has closed a private placement with Global Resources Investment Ltd. ("GRIT"), pursuant to which Nouveau Monde will issue 3,000,000 common shares of its share capital in exchange for 348,529 ordinary shares of GRIT's share capital, for a transaction value of CAN$630,000. The details of this private placement appear in a press release issued by Nouveau Monde on February 5, 2014.
Acquisition of Mining Claims in the sector of the graphite property Matawinie
During fall 2013, following exceptional exploration outcomes on Nouveau Monde's Matawinie graphite properties, Nouveau Monde entered into an exploration agreement with 3457265 Canada Inc. ("3457265"), owner of the geophysical surveying provider, Prospectair Geosurveys. Under the terms of this agreement, 3457265 performed a regional airborne survey covering a total area of 4000 km2, according to instructions given by Nouveau Monde's technical staff. Based on the results of the survey, 3457265 acquired 4 blocks of claims (the "Mining Claims. The Mining Claims cover a total of over 25 linear kilometres of conductive material with similar geophysical signatures to the Ti-Nou graphite deposits within the Matawinie property").
In exchange for this technical support, 3457265 Canada inc. granted Nouveau Monde an exclusive and irrevocable option to acquire 100% interest in the Mining Claims under the following terms:
-- Reimbursement of the airborne survey costs and costs related to the
claim acquisition ($317,700) by way of a share issuance at a
predetermined price of $0.25 per share, subject to approval of the
option agreement by the TSX Venture Exchange (the "Exchange");
-- Delivery of a total of $300,000 in exploration work over the next 24
months, $100,000 of which is to be provided in the first 12 months and
$200,000 in the following 12 months;
On successful completion of these terms of the Agreement, Nouveau Monde assumes 100% ownership of the Mining Claims subject to a 2% NSR Royalty held by 345726. Nouveau Monde can buy back the NSR Royalty for $1,000,0000 for each 1%
Moreover, were Nouveau Monde ever to file a positive preliminary feasibility study or/and a feasibility study, Nouveau Monde undertakes, upon each such filing, to either issue 1,000,000 common shares of its share capital to 3457265, or to pay 3457265 $1,000,000, at Nouveau Monde's sole discretion.
Grant of Stock Options
The Corporation announced today that a total of 500,000 stock options were granted to its consultants at a price of $0.20 per common share for a period of five years from the grant date. Of this number, one quarter will vest in each of four consecutive three-month periods, ending on March 3, 2015. These stock options are governed by the Stock Option Plan of the Corporation as currently in force.
Shares that may be subscribed upon the exercise of these options will be subject to a hold period of four months and one day from the date of issue.
About Nouveau Monde
Nouveau Monde is a mining exploration company holding a large portfolio of base and precious metals and industrial minerals in the province of Quebec. Our business model is based on the generation of projects in new underexplored territories using the most advanced remote sensing and geophysical tools available in the industry. Our expertise with these modern tools allows us to save on exploration cost leading to much efficient area coverage to maximize discovery chances. Our company is looking to develop its prospects in partnership with the objectives to expose our shareholders to a multitude of possibilities.
Neither TSX Venture nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties, including without limitation, statements pertaining to the share exchange including Nouveau Monde's ability to obtain necessary approvals from the TSX Venture Exchange. Actual results may differ materially. Nouveau Monde will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Nouveau Monde.
SYS-CON Events announced today that MobiDev will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY.
MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobile software company with over 200 develope...
May. 28, 2016 07:15 AM EDT Reads: 2,593
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
May. 28, 2016 06:00 AM EDT Reads: 2,225
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
May. 28, 2016 05:00 AM EDT Reads: 3,210
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures.
Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
May. 28, 2016 05:00 AM EDT Reads: 2,085
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Commvault is a leading provider of data protection and information management...
May. 28, 2016 04:15 AM EDT Reads: 3,171
SYS-CON Events announced today Object Management Group® has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
May. 28, 2016 03:00 AM EDT Reads: 2,514
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure?
Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results.
There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world.
May. 28, 2016 03:00 AM EDT Reads: 1,301
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY.
MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
For more information, please visit https://www.mangoapps.com/.
May. 28, 2016 02:30 AM EDT Reads: 798
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
May. 28, 2016 01:30 AM EDT Reads: 1,441
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications.
The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
May. 28, 2016 01:15 AM EDT Reads: 1,273
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently.
In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
May. 28, 2016 01:00 AM EDT Reads: 1,249
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform.
In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 28, 2016 01:00 AM EDT Reads: 1,924
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
May. 28, 2016 12:45 AM EDT Reads: 1,322
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives.
Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
May. 28, 2016 12:30 AM EDT Reads: 2,013
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 18th International CloudExpo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
May. 28, 2016 12:15 AM EDT Reads: 2,426