NioCorp raises ~$1.29M via private placement of 413,432 units with warrants

NIOCORP DEVELOPMENTS LTD

Private placement of 413,432 units; each unit = 1 common share + 1 warrant exercisable at $3.54 for 24 months.
Gross proceeds expected ~$1.29 million; closing on or about Dec 22, 2023.
Officers and directors purchased 138,845 units at $3.205/unit; other investors bought 274,587 units at $3.08/unit.
Warrants exercisable for one common share at $3.54 per share for 24 months from closing.
Offered under Regulation S and Rule 506(b) exemptions; securities not registered under Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NIOCORP DEVELOPMENTS LTD entered into Subscription Agreements with certain accredited investors valued at approximately US$1.29 million (effective 2023-12-14).

Action: entry
Agreement: equity purchase
Counterparty: certain accredited investors
Value: approximately US$1.29 million
Effective: 2023-12-14

Exact text from the filing

On December 14, 2023 , NioCorp Developments Ltd. (the “Company”) entered into binding subscription agreements (the “Subscription Agreements”) with certain accredited investors as part of a non-brokered private placement (the “Private Placement”) of an aggregate of 413,432 units of the Company (the “Units”), each of which consists of one of the Company’s common shares, without par value (the “Common Shares”), and one of the Company’s Common Share purchase warrants (the “Warrants”).

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38 material agreements filed in the last 30 days. Browse all material agreements →

NIOCORP DEVELOPMENTS LTD filing history →

Source: SEC EDGAR

accession 0001539497-23-002204

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