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Nemaska Lithium receives Notice from the Nordic Trustee regarding its USD 350M Senior Secured Bonds

Québec, Québec, Sept. 25, 2019  — Nemaska ​​Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) (Frankfurt: N0T) informs the market that it has been notified today of a notice published by Nordic Trustee AS who is holding in escrow the USD 350M proceeds from the Senior Secured Bonds (“Bonds”). The notice states that a written Bondholders` resolution seeking approval of Bondholders to instruct Nordic Trustee AS to refrain from effecting, among other things, any prepayment of the Bonds was approved with the requisite majority.

As previously disclosed, Nemaska Lithium is of the opinion that the resolution, published without the Corporation`s consent, has no legal effect on the Corporation or the Bond terms, as it purports to amend the Bond terms without the consent of the Corporation. Nordic Trustee AS has previously confirmed in writing to the Corporation that the deadline in Article 13.9 of the Bond terms to effect a prepayment of the Bonds expired on September 13, 2019. On this date the Bonds should have been prepaid at par together with accrued interest from the escrow account controlled by Nordic Trustee AS. The Corporation considers that Nordic Trustee AS is in breach of its obligations under the Bond terms and will take all measures available to it to protect its interests. Investors may refer to the press release of Nemaska Lithium dated September 17, 2019 for further information regarding the content of this press release.

About Nemaska Lithium

Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.

The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.

The Corporation is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com.

Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Attachment

20190925 – Nemaska Lithium – Notice Bonds VF Eng

CONTACT: FOR FURTHER INFORMATION, PLEASE CONTACT:

Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com

Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com

Gabrielle Tellier
Media Relations
514 348-0466
gabrielle.tellier@nemaskalithium.com

NT4

The post Nemaska Lithium receives Notice from the Nordic Trustee regarding its USD 350M Senior Secured Bonds appeared first on NationTalk.

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