NioCorp Developments Announces Terms of Special Warrant Financing

NioCorp Developments (TSXV:NB,OTCQX:NIOBF,FWB:BR3) announced terms for its previously announced private placement. The placement will be conducted on a best efforts basis for proceeds of up to $16.5 million.

As quoted in the press release:

Under the terms of the Offering, the Company will issue Special Warrants at a subscription price of $0.55 per Special Warrant. Each Special Warrant will entitle the holder to receive upon exercise, for no additional consideration, one unit of the Company (a “Unit”). Each Unit will consist of one common share of the Company (a “Common Share”) and one full Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one additional Common Share at an exercise price equal to $0.65 at any time up to twenty-four (24) months from the closing date of the Offering.

Click here to read the NioCorp Developments (TSXV:NB,OTCQX:NIOBF,FWB:BR3) press release