NioCorp amends $65M Yorkville equity line; removes TSX provisions and advance caps

NIOCORP DEVELOPMENTS LTD

On May 3, 2024, NioCorp voluntarily delisted from TSX and amended its SEPA with Yorkville.
Amendment removes TSX-related provisions and certain limitations on the number of advances the company may effect.
The $65M maximum Commitment Amount under the SEPA remains unchanged; maturity date continues to April 1, 2026.
Updated definitions for Market Price and Exchange Cap (19.99% of outstanding shares) to reflect Nasdaq rules.

item 1.01 item 9.01

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 amended SEPA with YA II PN, Ltd. ("Yorkville") (effective 2024-05-03).

Action: amendment
Agreement: equity purchase
Counterparty: YA II PN, Ltd. ("Yorkville")
Effective: 2024-05-03

Exact text from the filing

On May 3, 2024, in connection with the delisting of the Common Shares from the Toronto Stock Exchange (the “TSX”), the Company and Yorkville entered into an amendment to the SEPA (the “Amendment”)

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Source: SEC EDGAR

accession 0001539497-24-000948

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