Nouveau Monde Graphite (NMG) announced the payment of accrued interests for the second quarter of 2025 to Investissement Québec, as part of a previously announced private placement. This payment was made through the issuance of common shares, subject to the approval of the Toronto Stock Exchange and the New York Stock Exchange.
A total of 178,531 common shares were issued at a price of US$1.64 per share, representing an aggregate amount of US$292,791 for interests due June 30, 2025. These shares will be delivered to the holder at the maturity, conversion, or redemption of the unsecured convertible note.
The issuance of these common shares is subject to a hold period of four months and one day. This transaction is a routine fulfillment of NMG's financial obligations under its convertible note agreement.
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