Niocorp Developments Ltd (NB): "We are very pleased that when we advise...

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Niocorp Developments Ltd (NB)

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Friday, 02/27/2015 1:55:33 PM

Friday, February 27, 2015 1:55:33 PM

"We are very pleased that when we advised MRCC of our need to raise a minimum $1,000,000 to satisfy TSX listings requirements, MRCC quickly offered a bought deal private placement. Due to strong demand the Offering was increased and the overallotment option was fully exercised. This shows a great deal of confidence in NioCorp and our Elk Creek project, as we finalize the conditions necessary to complete our listing on the TSX," stated Mark Smith, CEO of NioCorp. "We have also received $325,000 from the early exercise of certain warrants granted in conjunction with our previous financing."

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