Nouveau Monde Graphite Inc. $(NMG.SI)$ has announced the settlement of accrued interests related to a previously announced private placement. The company will issue 178,531 common shares at a price of US$1.64 each, totaling US$292,791, to Investissement Québec. This transaction, deemed a "transaction with a related party," will be completed without requiring an official valuation or minority holder approval, as the value does not exceed 25% of NMG's market capitalization. The issued shares will be delivered at the maturity, conversion, or redemption of the unsecured convertible note in payment of the accrued interests due on June 30, 2025. The issuance is pending approval from the Toronto Stock Exchange and the New York Stock Exchange and will be subject to a hold period of four months and one day.
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