NIOCORP DEVELOPMENTS LTD. ("NB")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: November 11, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced September 22, 2014 and October 22, 2014:
Number of Special Warrants: 19,245,813 special warrants. Each special warrant is exchangeable, for no additional consideration, into a unit comprising of one common share and one share purchase warrant. The Company has undertaken to file a short form prospectus to qualify the underlying securities and if a receipt is not obtained within 75 days of closing, then each special warrant is exchangeable for 1.1 units.
Purchase Price: $0.55 per share
Warrants: 19,245,813 share purchase warrants to purchase 19,245,813 shares
Warrant Exercise Price: $0.65 for a two year period
Number of Placees: 154 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Special Warrants
Neil Shah Y 27,250
Mark Smith Y 4,132,232
Agent's Fee: Mackie Research Capital Corporation receives $112,917.59 and 205,304 options, each exercisable for one unit with the same terms as the above financing, including the qualification penalty.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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