Niocorp Developments Ltd (NB): NioCorp Arranges a USD $2 Million Non-Re...

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Niocorp Developments Ltd (NB)

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Re: Landmark8211111 post# 21895

Friday, 01/20/2017 7:36:32 AM

Friday, January 20, 2017 7:36:32 AM

NioCorp Arranges a USD $2 Million Non-Revolving Credit Facility

According to its SEDAR filing of November 2016:

We expect that the Company will operate at a loss for the foreseeable future. The Company’s current planned operational needs are $6.7 million until June 30, 2017.

IMO, that means they will need to do an additional PP and are using the 2 million merely as a bridging tool.

BUT (and it's huge BUT) this loan from MS might enable them to postpone the PP until after the key results of the FS are released.

So hopefully a PP will be done at a much higher pps.

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