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 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.