Niocorp Developments Ltd (NB)

[PutzMueler]

I got Jim's reply to my query and in my own words this is my understanding.

For Northcott's , NioCorp shares to be tradable after the four-month-and-one-day holding period expires on these Canadian shares per NR, he mentioned that those shares would have to be registered with the U.S. Securities and Exchange Commission, unless there is some exemption that applies.
He went on to say that Northcott would have to ask them to register the shares with the U.S. Securities and Exchange Commission but they did not!
So that means that these shares will not be freely tradable under applicable U.S. securities laws after the Canadian hold period expires.
He also mentioned that Northcott would be able to sell or transfer the shares under Regulation S or Rule 144 of the U.S. Securities Act,(which I have not looked up), but that usually takes a lot longer holding periods than is generally involved in the Canadian holding period so as to avoid doing that they would have asked for them to register them with the SEC if there plan was to trade these shares after the Canadian hold period.

Basically what I took away from his response was, and in my own opinion, is that Northcott really is not interested in selling these shares anytime soon after the 4 month and 1 day Canadian holding period or they would ask to have them registered.
It pretty much sounds like a huge vote of confidence to me. IMO

I sure appreciate the quick and informative replies I get from Jim Sims.

Putz