Nemaska Announces the Grant of Stock Options to Directors, Officers and Consultant
December 24, 2015 (Source) — NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Nemaska Lithium Inc. (“Nemaska” or the “Corporation”) (TSX VENTURE:NMX)(OTCQX:NMKEF) announces that the Board of directors has approved, as of December 24, the grant of 2,675,000 stock options to directors, officers and employee.
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2,425,000 stock options have been granted to directors and officers (Mr. Guy Bourassa (President, Chief Executive Officers, Secretary and director), Mr. Michel Baril (Chairman of the Board and director), Mr. René Lessard (director), Ms. Judy Baker (director), Mr. Paul-Henri Couture (director), Mr. Bankgui Gao (director), Mr. François Biron (director) and Mr. Steve Nadeau (Chief Financial Officer)) and 250,000 stock options have been granted to an employee. These stock options are governed by the Stock Option Plan of the Corporation, as currently in force.
Each stock option is vested immediately and entitles the holder to purchase one common share of the Corporation at a price of $0.40 per common share until December 22, 2020.
Nemaska intends to become a lithium hydroxide/carbonate producer based in Quebec and has filed patent applications for its proprietary methods to produce lithium hydroxide and lithium carbonate. In tandem, the Corporation is developing one of the richest spodumene lithium hard rock deposit in the world, both in volume and grade. Once in production, spodumene concentrate produced at Nemaska’s Whabouchi mine will be shipped to the Corporation’s lithium hydroxide/carbonate processing plant to be built in Salaberry-de-Valleyfield, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and lithium carbonate mainly for the growing lithium battery market.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The statements herein that are not historical facts are forward‐looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward‐looking statement.
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