Bernice; (Monocle, A.O. P.M, Lndmrk,Antler, All;
There was news last night. 19,066,214 in Warrents exercisable at $.79 (Cnd) ($15.06 M) are considered to have expired on the date of this amendment. Good news for share owners as I read it. (A decrease in the number of fully diluted shares? see Share Structure at Niocorp website. )
(Might be worth a dive in to original documents to determine if these were shares originally issued to members of managment. Anyone?)
Salient paragraph:
"As a result of this deregistration, no securities remain registered for resale pursuant to the Registration Statement."
(Why excercise a warrent at $0.79 when you can buy it at what....$.60 Cdn? (or $.43 US).
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Full filing:
"Post effective amendment to registration statement"
Friday April 5, 2019, 4:19 pm"
TERMINATION OF REGISTRATION STATEMENT AND
DEREGISTRATION OF SECURITIES
On September 27, 2017, NioCorp Developments Ltd., a British Columbia corporation (the “Company”), filed a registration statement on Form S-1, Registration No. 333-220648 (as amended from time to time, the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”). The Registration Statement was declared effective on October 20, 2017.
The Registration Statement registered for resale by certain selling shareholders up to (i) 2,962,500 common shares, without par value, of the Company (“Common Shares”), (ii) 2,962,500 Common Share purchase warrants, exercisable at C$0.79 per Common Share (the “Selling Shareholder Warrants”), (iii) 2,962,500 Common Shares issuable upon exercise of the Selling Shareholder Warrants, (iv) 192,562 Common Share purchase warrants, exercisable at C$0.79 per Common Share (the “Compensation Warrants” and, together with the Selling Shareholder Warrants, the “Warrants”), (v) 192,562 Common Shares issuable upon exercise of the Compensation Warrants, and (vi) 260,483 Common Shares issuable upon exercise of Common Share purchase warrants, exercisable at C$0.73 per Common Share. The Common Shares and the Warrants were issued by the Company to such selling shareholders in private transactions.
The Company has no further obligation to maintain effectiveness of the Registration Statement. In accordance with an undertaking made by the Company in the Registration Statement to remove by means of a post-effective amendment any securities that remain unsold at the termination of the offering, this Post-Effective Amendment No. 1 is being filed to terminate the effectiveness of the Registration Statement and to remove from registration all securities registered but not sold under the Registration Statement. As a result of this deregistration, no securities remain registered for resale pursuant to the Registration Statement.
AI
