NioCorp Issues Convertible Note and Warrants to Nordmin Engineering in Satisfaction of Amount Owing for Past Services
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NioCorp or the
Company ) (
TSX: NB,OTCQX: NIOBF, FSE: BR3) announces that it has issued a convertible note in the principal amount of approximately US$1.872 million (the
Note ) and 500,000 common share warrants (the
Warrants and, together with the Note, the
Securities ) to Nordmin Engineering Ltd. (
Nordmin ) pursuant to a convertible note and warrant subscription agreement (the
Agreement ) under which Nordmin has agreed to subscribe for and purchase the Securities for a subscription price of approximately US$1.804 million, which amount will be set off against the amount owing to Nordmin by NioCorp for past services.