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
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
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 Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, will discuss recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model f...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.