Niocorp Developments Ltd (NB)

[MaxzMillionz]

It’s a very clever way to reduce dilution:

Let’s say an investor has 100,000 warrants @ .29 and the current price is $4.

(100,000*4)-(100,000*.29)/4 = 92,750 shares at no cost

Vs. 100,000 shares @ a cost of $29,000

If the investor takes the deal he saves $29,000 but gives up 7,250 shares.

7,250 shares @ $4 = $29,000

It is basically break even for the holder of the warrants, but frees up $29,000 in cash. The reduction of number of issued shares helps everyone.