Apr. 22, 2020 - In Chandler v Volkswagen Aktiengesellschaft, the Superior Court of Québec recently dismissed a securities class action brought against Volkswagen Aktiengesellschaft (VW). It did so even though the Court had previously dismissed VW’s jurisdictional arguments at the authorization...
The Pallinghurst Group Backs Nemaska Lithium’s Mine in Québec
Davies is acting for The Pallinghurst Group, a global metals and mining industry investor, in its proposed equity investment of up to $600 million in Nemaska Lithium Inc. to help fund Nemaska’s Whabouchi project in Québec.
The project, which comprises the Whabouchi lithium mine and the electrochemical plant at Shawinigan, could create a new supply of the lithium needed for batteries in electric vehicles.
Betting on “an electric vehicle revolution,” Pallinghurst proposed the deal, which will make it Nemaska’s largest shareholder and position it as a key investor in the battery materials and energy storage market.
The proposed financing consists of a $200-million private placement and a $400-million rights offering guaranteed by way of a stand-by commitment.
Mar. 24, 2020 - In a swift response to the COVID-19 pandemic, on March 4, 2020, the U.S. Securities and Exchange Commission (SEC) issued an order providing temporary conditional relief for SEC registered issuers and other persons that are unable to meet a filing deadline as a result of COVID-19. Subject to...