Niocorp Developments Ltd (NB): Some time ago there was a debate here wh...

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Niocorp Developments Ltd (NB)

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Thursday, 11/23/2017 12:15:15 PM

Thursday, November 23, 2017 12:15:15 PM

Some time ago there was a debate here whether the Germsn loan guarantee could only be received after a full debt finance package was arranged.
After my in depth research i can confirm that we do not need the full financing package committedto receive the full guatantee.
We had already finished the first step and confirmed eligibility. The next step is the preliminary approval which however is binding for the German government. So it is an extremely important step..when this is received niocorp will negotiate with the consortoum of lenders coordinated by Northcott. Hope this helps.

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