Click here to close now.



Welcome!

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

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.

Contacts:
Eric Desaulniers, MSc, Geo
President and Chief Executive Officer of Nouveau Monde
(819) 923-0333

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, 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. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
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...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
SYS-CON Events announced today that VAI, a leading ERP software provider, 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. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, 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. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
As someone who has been dedicated to automation and Application Release Automation (ARA) technology for almost six years now, one of the most common questions I get asked regards Platform-as-a-Service (PaaS). Specifically, people want to know whether release automation is still needed when a PaaS is in place, and why. Isn't that what a PaaS provides? A solution to the deployment and runtime challenges of an application? Why would anyone using a PaaS then need an automation engine with workflow ...