NioCorp" or the "
Company")
(TSX:NB) (OTCQX:NIOBF ) announces that it intends to offer, on a non-brokered private placement basis, up to 4,195,804 units of the Company (the "
Units") at a price of C$1.43 per Unit (the "
Issue Price") for gross proceeds to the Company of up to approximately C$6.0 million (the "
Offering"). There is no minimum offering amount.
The pricing of the Units was set at a C$0.01 premium to the five-day Volume Weighted Average Price ("VWAP") of NioCorp common shares of C$1.42 based upon the close of trading on April 16, 2021.
Each Unit will consist of one common share of NioCorp (each, a "