other material
confidence high
sentiment neutral
materiality 0.35
NioCorp raises US$1M via private placement of units with warrants; insiders participate
NIOCORP DEVELOPMENTS LTD
- Gross proceeds US$1M from 336,185 units at US$3.08/unit; insider investors pay US$3.205/unit.
- Each unit comprises one common share and one warrant exercisable at US$3.54 for 24 months.
- Closing expected on or about December 22, 2023, subject to TSX and regulatory approvals.
- Proceeds to advance Elk Creek Critical Minerals Project and for working capital.
- Subscribers include certain NioCorp officers and directors.