sign this petition, where is that piece of garbage guy bourassa he conned everyone stole the money and now is hiding out. Forward-looking statements contained in this press release include, without limitation, those related to (i) the Corporation’s confidence it will receive qualified offers by the bid deadline, (ii) the making of a recommendation to the Court, (iii) the formalizing of a plan of arrangement acceptable to its creditors and the Court in a timely manner, and (iv) generally, the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook. … Lithium News; NEMASKA Lithium a Train wreck. Always do additional research and consult a professional before purchasing a security. Wake up Trudeau! As for the claims process, the Corporation and the Monitor are continuing their review, with the aim of formalizing a plan of arrangement acceptable to its creditors and the Court in a timely manner. they did not have money to pay their workers !! With the current deal, with an investment of just Canadian $190 million plus unto Canadian $600 million they can develop the asset for production. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, the achievement of a Court-approved arrangement under the CCAA. So total cost required to develop the asset for production is about Canadian $1.4 billion. (Credit: Nemaska Lithium) Canada’s Nemaska Lithium (TSX: NMX) said on Monday it … Address: How could they do this to their shareholders. And for this to happen in the internet day and age expecting for this to be swept under the rug with the court approval, all this just shows the level of corruption that is present even in CANADA, while they lecture other countries on morals, principles and democracy. Nemaska Lithium News and Updates. There is Canadian 140 million of liabilities. The Residual Nemaska Lithium will continue as the reporting issuer following the asset purchase. Cautionary Statement on Forward-Looking Information. MONTRÉAL, June 29, 2020 (GLOBE NEWSWIRE) -- Nemaska ​​Lithium Inc. (the “Corporation” or “Nemaska Lithium”) provides an update on its restructuring efforts under the Companies’ Creditors Arrangement Act (the “CCAA”), initiated on December 23, 2019. The Company is solely focused on developing its Whabouchi lithium project into a viable lithium mine and becoming a leading supplier of lithium hydroxide to the emerging lithium battery market as well as other lithium applications. 2020: Lithium producer Livent in deal to buy Nemaska, extend Tesla contract: RE. 10/15 : NEMASKA LITHIUM: is Granted Court Approval of the Sale … IEA Cuts Global Oil Demand Forecast as Renewed Lockdowns Limit Mobility, Biden Administration Temporarily Suspends Oil, Gas Drilling on Public Lands for 60 Days, China Rare Earth Exports Fall Dramatically in 2020, Positively Impacting Energy Fuels Inc, Deutsche Bank Survey: US Tech Stocks and Bitcoin Among Biggest Market Bubbles Right Now, https://www.youtube.com/watch?v=liThZjFkXv8, https://www.bloomberg.com/press-releases/2020-09-03/the-nemaska-shareholders-group-appeals-to-premier-legault, https://nmx.zone/soyez-representez-be-represented/, Story Crapped: EarthRenew’s Renewable Waste Story Falls Short, Champignon Brands Appoints Medipharm Labs CEO Pat McCutcheon to Board, Ontario Pot Shops No Longer Allowed To Offer Pickup And Delivery, Cenovus To Cut Roughly 25% Of Jobs Following Husky Merger, The Deep Dive Compiles Company Profile On Newlox Gold Ventures, TC Energy Suspends Work on Keystone XL Amid Biden’s Plan to Revoke Permit, Grid 2.0 – How Home Energy Storage Will Change The Grid – The Daily Dive feat Justin Holland, Datametrex AI Enters Definitive Agreement To Acquire Concierge Medical Telehealth Platform, Psyched Wellness Latest Firm To Conduct Bought Deal Financing, Mind Cure Announces $10.0 Million Bought Deal Financing. The sponsors, whom are Investissement Québec and The Pallinghurst Group, will each own a 50% stake in a new entity that will be acquiring the entities and assets of Nemaska. The consensus among Wall Street research analysts is that investors should "sell" Nemaska Lithium Inc. (NMX.TO) stock. Nemaska Lithium Provides Update on Restructuring Efforts, https://www.pwc.com/ca/en/services/insolvency-assignments/nemaska-lithium-inc.html, Investissement Québec, The Pallinghurst Group and Orion Mine Finance Complete Acquisition of Nemaska Lithium. Yes we need to do that. I found this article by searching for class action lawsuits against Nemaska. I will now get all my money out of Canadian mining stocks, pronto. So from the current state the total cost to get to production is Canadian 690 million. Any idea? Signed a US$150 million streaming agreement with Orion Mine Finance. [email protected]. MONTRÉAL, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) announces today that it has … Court-Appointed Monitor: Over promising and under-delivering has proved costly for long term shareholders as NEMASKA’s share price has tanked 50% this year alone. Christian Bourque We are the Nemaska Lithium shareholder group on facebook. Nemaska Lithium Inc. (NMX.TO) News Headlines Notice: This company has been marked as potentially delisted and may not be actively trading. Website: Nemaska Lithium ran into financial trouble developing the mine and associated electrochemical plant, facing project cost overruns. So shareholder ripoff is about Canadian 560 million. That’s what they are. I lost a lot of money on this Stock. 10/20: NEMASKA LITHIUM: La Cour Supérieure Du Québec Émet Une Premičre Ordonnance.. AQ. The courts will not for this….l believe in our court system for now. On the operations side of things, the group will acquire the Nemaska entities and assets through what is referred to as a reverse vesting order. 10/16: NEMASKA LITHIUM: Is granted court approval of the sale proposal from orion mine.. AQ. A class action law suit should be filed against them to block this transaction from moving forward. There are currently 1 sell rating for the stock. To date the company has signed a number of financial agreements, including: 1. Does that mean our Nemaska Lithium stocks (RRSP) account are worthless ? Telephone: It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. Pegasus Resources (TSXV: PEGA), formerly Pistol Bay Mining, recently made a series of interesting moves that seemingly have caught the, Today on the Daily Dive is that of Justin Holland, CEO of Eguana Technologies (TSXV: EGT). Pallinghurst believes that the partnership will enable the business of New Nemaska Lithium to progress forward with strong financial and operational backing, all while preserving present and future employment and economic opportunities to the benefit of the local community, including the Cree Nation. MONTRÉAL, June 29, 2020 (GLOBE NEWSWIRE) -- Nemaska ​​Lithium Inc. (the “ Corporation ” or “ Nemaska Lithium ”) provides an update on its restructuring efforts under the Companies’ Creditors Arrangement Act (the “ CCAA ”), initiated on December 23, 2019. 10/20 : NEMASKA LITHIUM: Reverse Vesting Order Issued By Québec Superior Court … WHO THEY HELL ARE DO THEY THINK THEY ARE FOOLING. It says that there was about $550 million in share holder equity. The terms that this group is fighting for are the same for all same for all shareholders. This post fixes some typos in my earlier post. This update comes as the Corporation proceeded, on June 23, 2020, with the SEDAR filing of its interim financial statements and MD&A for the third quarter ended March 31, 2020. The result of this however, is that New Nemaska Lithium will not be a reporting issuer within Canada – meaning current shareholders no longer receive exposure to it. This is daylight robbery. So analyzing Need some freelance work done? The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products. Morgan Jones - February 19, 2019. Montreal QC H3B 4Y1 I invested my retirement savings in good faith. The lawsuit is for all shareholders. Documents filed on SEDAR can also be viewed on Nemaska ​​Lithium’s website. 500-11-057716-199 Get the latest NEMASKA LITHIUM INC (NMX.TO) stock news and headlines to help you in your trading and investing decisions. The authorized share capital of Nemaska Lithium Inc., as a predecessor to the Issuer, consisted of an unlimited number of common shares (Common Shares). http://www.pwc.com/ca This company didn’t file for bankruptcy. Welcome to The Deep Dive, where we focus on providing investors of Canadian junior stock markets the knowledge they need to make smart investment decisions. Alcide Gour, http://chng.it/qjV8HG5r And to take it away from the share holders without having them at the table, without even attempting an equity raise is just ROBBERY. Cour supérieure, District de Montréal For more information please contact us at [email protected]. We’re experienced in many forms of writing, including press releases. Signed private placement for up to C$99 million with SoftBank to hold no more than 9.9 p… Short extension of the bid deadline in respect of the Sale or Investor Solicitation Process. 2. Hopefully the courts don’t approve and the common shareholders get to own equivalent # of new offspring’s shares. Information for this briefing was found via Nemaska Lithium. Pegasus Resources: New Exploration Focus In B.C. By. Contact the parties that have responsibility and jurisdiction to oversee shareholder rights, particularly Rule 61-101 that is meant to protect minority security holder rights. On the operations side of things, the group will acquire the Nemaska entities and assets through what is referred to as a reverse vesting order. I sincerely hope this does NOT get approved by the courts. If the approval of the Court is obtained, Nemaska Lithium and the Buyers’ Group expect to close the Transaction at the latest on October 15, 2020. The Residual Nemaska Lithium will continue as the reporting issuer following the asset purchase. 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