https://www.globenewswire.com/news-release/2020/07/15/2062427/0/en/Nouveau-Monde-Announces-Successful-C-20-million-Financing-Transactions-with-Pallinghurst.html
Rayster
This might be more relevant.
Pallinghurst holds just under 4% in TLG. I would be surprised if they added a member to the board for their minor holding.
Draw your own conclusions.
Ann: Quarterly Activities Report and Appendix 5B 30 June 2020, page-14
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