Niocorp Developments Ltd (NB): Niocorp didn't just ask them not to shor...

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Niocorp Developments Ltd (NB)

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Re: OntInvestor post# 33041

Wednesday, 01/24/2018 9:59:38 AM

Wednesday, January 24, 2018 9:59:38 AM

Niocorp didn't just ask them not to short, Lind agreed.

http://niocorp.com/index.php/press-releases/279-niocorp-completes-instititutional-investment-deal

Further, Lind does not and has agreed not to short-sell the shares of the Company.

This is from the original 2015 announcement. I don't believe the agreement has been amended other than to increase the funding amount and extend the date.

The shares are also still subject to the 4-month hold.

I'm not going to try to spin this as positive as it clearly indicates that major financing is not in the imminent future. MS could have easily supplied a bridge loan if we were getting financing soon.

But it's not a death spiral either. It's just more share dilution.

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