Niocorp Developments Ltd (NB)

[tedro84]

Your benefit would be at the detriment to other holders, especially US based investors that were not even granted the opportunity to participate in the placements.

Management must consider the warrants simply as a transaction and not as a bonus or reward to certain investors. Decisions are made on behalf of shareholders as a whole, not on behalf of those that own a warrant as well. If the money is not needed (the recent $3MM placement should get them through February or so) and if financing is near, then it does not benefit shareholders to see an extra 5% dilution on top of whatever dilution is necessary for the deal.

Many warrant holders are likely not even current shareholders. Many likely took the Lind route and sold shares but kept the warrants, thus eliminating the risk by getting their cost back to zero while maintaining the upside potential with the warrant.

If you believe the warrants to hold value, the best way to 'benefit' would be to buy more shares on the open market while the price is below the strike price. Not only would you get in at a lower price than the warrant, but you would potentially drive the price upwards thus making the warrant more valuable.