Nouveau Monde Mining Enterprises Inc. (TSXV:NOU) announced a non-brokered private placement of 4,347,826 units at a price of CAD 0.23 per unit for the gross proceeds of CAD 1,000,000 on January 26, 2017. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at an exercise price of CAD 0.35 per share for a period of 24 months from the date of issue. The securities issued are subject to a hold period of four months and one day from the date of closing. The transaction is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.