GATINEAU, QUEBEC–(Marketwired – April 17, 2013) –
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES
Nouveau Monde Mining Enterprises Inc. (“Nouveau Monde” or the “Company“) (TSX VENTURE:NOU) is pleased to announce the sale of its interest in three claim units located in the NTS map sheet 31G10 located near Grenville, Québec. Canada Carbon Inc acquired these claims that are contiguous to their Miller-Graphite Mine project.
Pursuant to the Agreement, Canada Carbon has agreed to issue to Nouveau Monde a total of 75,000 shares payable upon the approval of the transaction by the TSX Venture Exchange (the “Exchange“).
Pursuant to the Agreement, the Canada Carbon has granted to the Company, a 2% Net Smelter Return royalty (the “NSR“) The Canada Carbon may purchase 50% of the NSR, leaving Nouveau-Monde Mining Enterprises Inc. with a 1% NSR by paying to Nouveau-Monde Mining Enterprises Inc. $1,000,000.
The technical information in this news release was prepared by Eric Desaulniers, MSc, Géo, qualified person under National Instrument 43-101.
About Nouveau Monde
Nouveau Monde is a Gatineau, Quebec based exploration company with a large portfolio of base and precious metals and industrial minerals in the province of Québec. It has adopted a project generator business model that provides the company with exposure to a multitude of projects to be explored and financed by partners while allowing it to carry out relatively low-cost, grassroots-style prospecting and reconnaissance exploration elsewhere while preserving its capital and thus limiting shareholders dilution.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Nouveau Monde will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Nouveau Monde.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
- Eric Desaulniers, MSc, Geo
President and Chief Executive Officer of Nouveau Monde
Chairman of the Board of Nouveau Monde