Niocorp Developments Ltd (NB): Bellow is from the Jan 15th news release...

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Niocorp Developments Ltd (NB)

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Re: Landmark8211111 post# 6949

Saturday, 01/31/2015 10:42:12 AM

Saturday, January 31, 2015 10:42:12 AM

Bellow is from the Jan 15th news release. The way I read it is each unit is potentially two shares. One common share and one warrant for a total of 38,491,626 shares (if all the warrants are exercised)

The prospectus qualifies the distribution of 19,245,813 units (the "Units") of the Company issuable upon the deemed exercise of 19,245,813 previously issued special warrants (the "Special Warrants"). Each Unit consists of one common share (each, a "Common Share") and one common share purchase warrant (each a "Warrant") of the Company. Each Warrant entitles the holder to acquire one Common Share at a price of $0.65 each until November 10, 2016.
Read more at http://www.stockhouse.com/news/press-releases/2015/01/15/niocorp-receives-receipt-for-final-short-form-prospectus#yCpXSQbZ5iI7s0tf.99

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