Niocorp arranges $2-million placement

Aug 30, 2018

2018-08-29 07:41 ET – News Release

Mr. Jim Sims reports

NIOCORP ANNOUNCES C$2.0 MILLION NON-BROKERED PRIVATE PLACEMENT

Niocorp Developments Ltd. intends to offer, on a non-brokered private placement basis, up to 3,174,604 units of the company at a price of 63 cents per unit for gross proceeds to the company of up to $2-million. There is no minimum offering amount.

Each unit will consist of one common share of Niocorp and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one common share of Niocorp at a price of 75 cents at any time prior to the date which is two years following completion of the offering.

It is anticipated that the private placement will close on or before Friday, Sept. 7, 2018, and is subject to the completion of formal documentation, receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange, and other customary conditions.

Proceeds of the private placement will be used for working capital and general corporate purposes.

The offering will take place by way of a private placement to qualified investors in such provinces of Canada (except Quebec) as the company may designate, and otherwise in those jurisdictions where the offering can lawfully be made, including the United States under applicable private placement exemptions.

The company may pay finders’ fees or commissions on a portion of the private placement in respect of subscriptions originated outside of the United States.

All of the securities sold pursuant to the offering will be subject to a four-month hold period under Canadian law, which will expire four months and one day from the date of closing.

About Niocorp Developments Ltd.

Niocorp is developing a superalloy materials project in southeast Nebraska that will produce niobium, scandium and titanium.

We seek Safe Harbor.

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