Niocorp Developments Ltd (NB): So if I am reading this correctly a priv...

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Niocorp Developments Ltd (NB)

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Re: masslanding post# 28951

Wednesday, 09/27/2017 10:32:06 AM

Wednesday, September 27, 2017 10:32:06 AM

So if I am reading this correctly a private seller (aka Lind) is selling 2.64 million shares and the warrants that go with them. These are shares they received during an earlier private placement and due to the size of the sale and the fact that they were registered shares, Lind has to disclose that they are selling them. The buyer will get the warrants that are exercisable at $0.79, which I am guessing Lind does not want to wait around for to receive them. The only money Niocorp receives in this deal is if the warrants are exercised. So the total shares of over 6 million is only after the warrants are used.

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