Niocorp Developments Ltd (NB)

[Blairman]

Niocorp 2,914,000-special-warrant private placement

2015-03-02 18:02 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 11, 2015, Feb. 13, 2015, and Feb. 27, 2015.

Number of special warrants: 2,914,000 special warrants (Each special warrant is exchangeable, for no additional consideration, into a unit comprising one common share and one share purchase warrant. The company has undertaken to file a short form prospectus to qualify the underlying securities and if a receipt is not obtained within 45 days of closing, then each special warrant is exchangeable for 1.1 units.)

Purchase price: 75 cents per share

Warrants: 2,914,000 share purchase warrants to purchase 2,914,000 shares

Warrant exercise price: $1 until Feb. 27, 2017

Number of placees: 64 placees

Agent's fee: Mackie Research Capital Corp. receives $137,182.50 and 182,910 options, each exercisable into one common share at 85 cents until Feb. 27, 2017.

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