Niocorp Developments Ltd (NB)

[jeunke22]

Northcott entered in a debt for equity arrangement. They are responsable for assembling a debt package with several Banks. Northcott advised MS to spread the 130 million loan guarantee across all banks, in stead to one party only. For me the reference to 130 million publicely indicates that they are expecting no issue here. The debt for equity swap seem to indicate the level of confidence at Northcott that the debt package can be arranged. Debt financing has stated priority according tot Mark over equity, although all financing is to be woven into one piece ultimately. These public remarks give reason to believe the company Will be able to find financing.