Niocorp Developments Ltd (NB): The last convertible debenture closed in...

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Niocorp Developments Ltd (NB)

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Monday, 10/29/2018 7:39:28 PM

Monday, October 29, 2018 7:39:28 PM

The last convertible debenture closed in mid April. The company has had over six months to figure out how to account for it. The time span is a secondary concern to the realization that they apparently did not know how to account for it prior to making the offering. This is 100% on management and should be concerning to Niocorp investors as IBC is a significant strategic partner.

EDIT: Correction, the closing was originally scheduled for mid-April but did not occur until May 28th.

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