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NioCorp Announces Closing of Up-Sized Private Placement for Gross Proceeds of C$6.2 Million
NioCorp Announces Closing of Up-Sized Private Placement for Gross Proceeds of C$6.2 Million
Offering Was Set at a Premium to the Share Price When Launched
PR Newswire
CENTENNIAL, Colo., May 11, 2021
CENTENNIAL, Colo., May 11, 2021 /PRNewswire/ NioCorp Developments Ltd. ( NioCorp or the Company ) (TSX:NB) (OTCQX:NIOBF) is pleased to announce that it has closed its previously announced non-brokered private placement (the Private Placement ) of units (the Units ) of the Company. A total up-sized offering of 4,334,157 Units were issued at a price per Unit of C$1.43, for total gross proceeds to the Company of approximately C$6.2 million.
NioCorp Closes on Purchase of Key Nebraska Land Parcel for the Elk Creek Superalloy Materials Project
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NioCorp or the
Company ) (TSX:NB) (OTCQX:NIOBF) is pleased to announce that it has formally closed on the purchase of a key land parcel associated with the Company s Elk Creek Superalloy Materials Project. With this acquisition, NioCorp now owns the surface land on which the Project s mine infrastructure and supporting operations will be located once sufficient project financing is obtained to allow the Project to proceed. Ownership of the land also gives NioCorp ownership of the mineral rights to more than 90% of the Project s Mineral Resource and Mineral Reserve. The purchase price was approximately $6.2 million.
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
NioCorp Executes Option to Purchase Key Nebraska Land Parcel for the Elk Creek Superalloy Materials Project
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NioCorp or the
(TSX:NB) (OTCQX:NIOBF)
is pleased to announce that it has formally exercised an option-to-purchase agreement on a key land parcel associated with the Company s Elk Creek Superalloy Materials Project. Once the purchase is finalized, NioCorp will own the surface land on which the Project s mine infrastructure and supporting operations will be located once sufficient project financing is obtained to allow the Project to proceed. The land purchase will also give NioCorp ownership of the mineral rights to more than 90% of the Project s Mineral Resource and Mineral Reserve.
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