April 6, 2018 / 1:09 AM / Updated 2 hours ago

BRIEF-Softbank Group To Make Strategic Investment In Nemaska Lithium

April 6 (Reuters) - Nemaska Lithium Inc:

* SOFTBANK GROUP TO MAKE STRATEGIC INVESTMENT IN NEMASKA LITHIUM

* ‍AGREEMENT WITH SOFTBANK GROUP FOR A PRIVATE PLACEMENT OF COMMON SHARE SUBSCRIPTION RECEIPTS AT A PRICE OF CAD 1.12 PER RECEIPT

* ‍SOFTBANK WILL ACQUIRE UP TO 9.9% OF CO’S OUTSTANDING COMMON SHARES AFTER GIVING EFFECT TO CONSUMMATION OF PROJECT FINANCING​

* ‍AGREEMENT FOR AGGREGATE GROSS PROCEEDS OF UP TO CAD 99.1 MILLION

* ‍SOFTBANK WILL BE ENTITLED TO ONE NOMINEE AS DIRECTOR OF NEMASKA LITHIUM Source text for Eikon: Further company coverage: