President of Nouveau Monde Graphite Under Investigation by Quebec Securities Commission for Alleged Illegal Financing

MONTRÉAL, March 23, 2018 (GLOBE NEWSWIRE) -- The Coalition Quebec meilleure mine, a civil-society mining watchdog, is alerting the public and investors that Nouveau Monde Graphite’s president and CEO, Mr. Eric Desaulniers, appeared today at the Financial Markets Tribunal in Montreal. The Autorité des marches financiers (AMF or Securities Commission) alleges that Mr. Desaulniers participated  in “illegal financing” activities in violation of Quebec’s Securities Act.

AMF has identified three cases and up to 17,000$ in alleged illegal financing and is seeking 10,500$ in penalties. Both parties (AMF and the company) were at the Tribunal today to present a settlement agreement. The Tribunal will make a decision about approving, or not, this agreement within the next few months.

See full press release in French here et

For information:

Ugo Lapointe, Coalition Québec meilleure mine et MiningWatch Canada, 514-708-0134