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We’ll see how this deal shakes out …
Good luck.
If anyone is interested:
Between the OTC and TSX NioCorp traded 1.5 million shares— not counting the (German exchange) …
Not to shabby …
LM
Hi Bernice, I think something good is behind the bushes! lol
GoodLuck.
LM
TODAY IN THE NEWS
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ShaMaran Petroleum Corp. | SHAMARAN ANNOUNCES APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER
NioCorp Developments Ltd. | NioCorp CEO Mark Smith to Appear on Fox Business News' "The Claman Countdown" on Monday, Oct. 3, 2022
Charbone Hydrogen | Charbone Announces Investor Relations Appointment
Numinus Wellness Inc. | Numinus to Participate in the Cantor Neurology & Psychiatry Conference on October 6-7, 2022
VVC Exploration Corp A | VVC's Helium Projects and Proton Green, Continue to Fuel Company's Growth
Well deserved is right! 10 years is a (long long) time to wait ( if it doesn’t kill you it makes you stronger — I guess)?
Cheers AO.
Deserves a repeat:
Landmark 8211111
Friday, September 30, 2022 3:45:34 PM
Post# of 83942 Go
Share
I would be elated to see $US2.75+ come next week (all things are possible now).
The markets and ‘institutional players’ REALIZE that NioCorp is FOR REAL!!!!
( let the digging and construction begin )!!
And we still have (BIG) material Press-releases coming down the pike!
Results on (4 magnetic REE results — Updating NEW BFS, etc. etc.).
Buckle up everyone!
Cheers
LM
Thanks dutch …
Skoal Dutch. leave a cold bottle or two! …
I have GOOD feeling about next week ( the Institutions are waking up to the reality)…
Colder the better, my friend !
Cheers
NICE!!
Stock:
NB
Exchange:
TSX
Sector:
Basic Materials
Industry:
Metals & Mining
NioCorp Developments Ltd.
$1.43
0.30
(
26.549%
)
V:614.28K
Last updated: Sep 30, 2022, 4:00 PM ET
I would be elated to see $US2.75+ come next week (all things are possible now).
The markets and ‘institutional players’ REALIZE that NioCorp is FOR REAL!!!!
( let the digging and construction begin )!!
And we still have (BIG) material Press-releases coming down the pike!
Results on (4 magnetic REE results — Updating NEW BFS, etc. etc.).
Buckle up everyone!
Cheers
LM
Sounds feasible — I recall we were heading toward $3 when the SEC halted trading, for no good reason. I think the intraday high was $2.20 cad. On Heavy volume!!
We have been compared to MP Materials:
This is who owns MP Materials:
“Mp Materials (NYSE: MP) is owned by 64.26% institutional shareholders, 64.50% Mp Materials insiders, and (0.00%) retail investors. James H. Litinsky is the largest individual Mp Materials shareholder, owning 45.40M shares representing 25.57% of the company. James H. Litinsky's Mp Materials shares are currently valued at $1.31B.
If you're new to stock investing, here's how to buy Mp Materials stock.“
Cheers
I agree — “ time is of the essence “!
This is very good news!
Happy we got a definitive ‘move forward’ I can in-vision big share price numbers joining NASDAQ…
FOX NEWS!! how does $2.50 usd./share sound!
I just had an epiphany! oh oh
Cheers mate
LM
FILING ( 8-K ) is out.
The irony now with this pending deal - is the previous 5 or 6 potential financiers (Mark was Deep in negotiations with) Competitive Tension and all.
Probably WOULD take a deal now!? lol (FOMO)
Who is the first to blink …
LM
Thanks, lots of new information on your link:
https://secureservercdn.net/198.71.233.156/gx0.d43.myftpupload.com/wp-content/uploads/NioCorp_Investor_Presentation_9-26-2022.pdf
Max — I’m going to borrow a post of yours that I found interesting:
MaxzMillionz
Re: PutzMueler post# 83746
Wednesday, September 28, 2022 7:47:16 PM
PlusOneCoin Icon
0
Post# of 83812 Go
Share
“I suspect the $200M Shelf Registration shares will be used for this deal. Depending on the SPAC participation the shelf shares should cover roughly 2/3 of the shares needed to issue to the SPAC investors. They are buying in at “roughly” $1/share and will get somewhere in the neighborhood of 300M shares.”
This could change based on the results of the SPAC investors participation and future NioCorp share price, but these are ballpark numbers.
Thanks Stark…
Hey stark,
does it have to be 10:1 split or could it be 3:1? example. What happens if NB shares shoot to the moon - from the REE results, and revised improved numbers from BFS! , Germany backed debt loan ($150,000,000) etc. Then the numbers change significantly, I should think!
I would love to hear from Management regarding the Pros of this deal. I think I know the ‘obvious’ Project can move forward. Uplisting to the Nasdaq etc.
Cheers
LM
That was also one of my questions - there is six months until the closing of the deal (1st quarter 2023). NioCorp could feasibly be trading at $3-$4-$5 by March 2023?— then we wouldn’t need any (reverse-split)?— on the other hand if the deal has already been STRUCK - then it’s a fait accompli .
Next step is to contact Jim Sims to put some clarity on the details.?
LM
I agree wagner, someone should contact Jim Sims for clarification!
Cheers
BOARD OF DIRECTORS RECOMMENDATIONS
The Business Combination Agreement has been approved by the Board of Directors of each of NioCorp and GXII. Each of the Board of Directors of NioCorp and the Board of Directors of GXII recommends that NioCorp shareholders and GX stockholders, respectively, vote in favor of the business combination.
GenCap Mining Advisory Ltd. has provided a fairness opinion to the Board of Directors of NioCorp stating that, as of the date of such opinion, and based upon and subject to the assumptions, limitations, and qualifications stated in such opinion, the Transaction, defined below, is fair from a financial point of view to NioCorp shareholders.
Scalar LLC has provided a fairness opinion to the Board of Directors of GXII stating that, as of the date of such opinion, and based upon and subject to the assumptions, limitations and qualifications stated in such opinion, the consideration to be received by the holders of GXII’s Class A common stock is fair from a financial point of view to such shareholders.
The directors and management of both NioCorp and GXII have entered into agreements pursuant to which they have committed to vote their respective shares in favor of the business combination.
THE NIOCORP-GXII BUSINESS COMBINATION AGREEMENT
Under the terms of the Business Combination Agreement with GXII, GXII will merge with and into a wholly owned subsidiary of NioCorp, with GXII surviving the merger as a subsidiary of NioCorp. NioCorp, as the parent company of the merged entity, will issue common shares to the public shareholders of GXII, with the sponsor shareholders receiving shares in GXII that are exchangeable into common shares of NioCorp. The Business Combination Agreement contemplates that NioCorp will undertake a reverse stock split at the time of close so as to effectuate an expected up-listing to the Nasdaq Stock Market. The transactions contemplated by the Business Combination Agreement and the ancillary agreements thereto are referred to, collectively, as the “Transaction.”
The Business Combination Agreement contains covenants in respect of non-solicitation of alternative acquisition proposals, a right to match any superior proposals for GXII and a termination fee payable to GXII in certain circumstances.
The proposed business combination is expected to close in the first quarter of 2023, subject to effectiveness of the registration statement on Form S-4 that NioCorp expects to file, the satisfaction of customary closing conditions, including certain governmental approvals, the approval of the TSX, and the approval of certain elements of the proposed Transaction by a majority of shareholders of GXII and a majority of NioCorp shareholders voting to approve such elements. The proposed additional financings will also be subject to the approval of the TSX.
Post-closing, the NioCorp Board will include two directors from GXII.
Additional information may be found in the Current Reports on Form 8-K being filed by NioCorp and GXII with the U.S. Securities and Exchange Commission (“SEC”) and the applicable Canadian securities regulatory authorities in connection with the announcement of the proposed Transaction.
NioCorp intends to use the proceeds from the proposed Transaction and the contemplated financings to advance its efforts to launch construction of the Elk Creek Project and move it to commercial operation.
ADVISORS
SWI Partners Limited is serving as an advisor to NioCorp. Jones Day is serving as legal counsel to NioCorp in the U.S. and Blake, Cassels and Graydon LLP is serving as legal counsel to NioCorp in Canada. NioCorp has engaged GenCap Mining Advisory Ltd. as its financial advisor.
Cantor Fitzgerald & Co. is serving as lead capital markets advisor and BTIG, LLC is serving as a capital markets advisor to GX Acquisition Corp. II (“GXII”). Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to GXII in the U.S. and Stikeman Elliott LLP is serving as legal counsel to GXII in Canada. DLA Piper LLP (US) is serving as legal counsel to Cantor Fitzgerald & Co.
Hey Max,
Do we know when all this starts (the events). Someone said GX2 wasn’t trading yesterday (I’m to lazy to look)—why
Are the wheels in motion already? …or will we vote on the deal— first. Soon?
GX2 is/was trading at around $10usd. NioCorp will own GX2 co. Where does the $10 shares go?
Maybe these are the best deals possible, I don’t know (different than I though).
I see this as a means to move the” Project forward “ which is a good thing—but at a cost (reverse-split, not a great thing) …
LM
We do have some heavy-hitting needle-moving ‘ MATERIAL NEWS RELEASES ‘ upcoming !— (several BIG ones REE results, and 2022 revised BFS. German debt loan guarantee — and more….
This could be $3 right there…
LM
So between now and the 1st Quarter 2023 - we need to get NB’s share price above $3/sh in order to mitigate any reverse-split (which no one wants!)…?
Thanks Max.
LM
Hi Max! nice to hear from you again!. It’s sounds convoluted to me—
Not your post, just the general complexity of the deal.
(This stuff is not my forte.)
Will I be able to ‘keep or sell’ my shares in both companies?
Mark or Jim should have a Q/A session??
Cheers
Hey BM,
There seems to be a fair bit of confusion and lots of speculation - over what exactly does it all mean?. Guessing and speculation is fun I suppose —but it doesn’t clarify the actual pros and cons?
Maybe it’s time for Mark or Jim to clarify in ‘simple language’ what it all means— bottomline.
Cheers
LM
Do we need to vote on that.?
We are almost #1 across the Board, the occasional #2 !
I have never seen that before?
Many many eyeballs Know who we finally are! …
Let the fun begin.
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LM
One thing we know for sure — NioCorp and the team are on the move! there’s no denying that fact!
9.5 years holding my breath — we’re moving NOW! — IThink a cold one is deserved …
Cheers BM.
LM
1.2m+ shares traded today between the OTC and TSX not counting (Germany) …
NB
$1.21
15.238%
OVERVIEW
Stock:
NB
Exchange:
TSX
Sector:
Basic Materials
Industry:
Metals & Mining
NioCorp Developments Ltd.
$1.21
0.16
(
15.238%
)
V:422.13K
Last updated: Sep 26, 2022, 4:03 PM ET
Breakout board #1 NioCorp :
Breakout Boards
Rank Board Rate* Posts Today News Quote** Last Change Chg% Volume
1 Niocorp Developments Ltd. (NIOBF) 622% 168 NIOBF 0.882 0.09984 12.76% 789,906
2 Nexus Energy Services Inc. (IBGR) 567% 51 IBGR 0.1025 -0.0025 -2.38% 126,320
3 Clean Vision Corp. (CLNV) 500% 35 CLNV 0.0161 -0.0013 -7.47% 241,004
4 Bowmo Inc (BOMO) 391% 125 BOMO 0.0007 0.0001 16.67% 618,097,429
5 Digital Brand Media and Marketing Group Inc (DBMM) 339% 156 DBMM 0.0016 0.0007 77.78% 2,828,010
6 NSAV Holding, Inc. (NSAV) 333% 70 NSAV 0.003 -0.0005 -14.29% 34,326,531
7 Terra Luna Classic (LUNCUSD) 280% 28 LUNCUSD 0.00029900 -0.00001000 -3.24% 34,505,989,624
8 Genesis El
I agree! …
Here is a snip from NEgoodlife’s post:
“This is the dilution that was expected with financing. Then, the SPAC is gone and the next move is getting Niocorp listed on the Nasdaq. Today's PR also basically disclosed that a reverse split will be utilized if necessary to get the share price high enough to qualify for the uplist. In this whole scenario, I'm absolutely okay with that. Great news that we have a plan in place for the equity portion of funding.”
The operative words in this passage are, —(if necessary)—
Let us hope it’s not NECESSARY.
MS has said years ago that he does not like reverse-splits!!
LM
SPAC GX Acquisition II to merge with minerals miner NioCorp
Sep. 26, 2022 12:30 PM ETGX Acquisition Corp. II (GXII), NIOBF, NB:CABy: Val Kennedy, SA News Editor
SPAC - Special Purpose Acquisition Company -- text on a torn dollar bill
zimmytws
SPAC GX Acquisition Corp. II (NASDAQ:GXII) plans to merge with minerals miner NioCorp Developments (OTCQX:NIOBF) through a deal that values the combined company at an enterprise value of $314M.
The deal is expected to close in Q1 2023, subject to regulatory and shareholder approval. NioCorp's shares will continue to trade on the Toronto Stock Exchange post-merger and are expected to be listed on Nasdaq.
The companies said the transaction could generate net cash of up to $285M for the combined company, assuming no redemptions.
Based in Colorado, NioCorp is focused on developing a critical minerals mining operation in Nebraska called the Elk Creek Project. The company expects the project to generate metals such as nobium, scandium and titanium.
NioCorp also announced Monday that it has signed letters of intent with Yorkville Advisors Global for two financing packages that would give the company access of up to $81M to help fund the Elk Creek Project.
GX Acquisition Corp. II is headed by Jay Bloom and Dean Kehler, managing partners and co-founders of Trimarin Capital Partners. The SPAC held an initial public offering in March 2021, raising $300M.
BM,
I recall 20/ 80 bandied around from Mark many times…
LM