Niocorp Developments Ltd (NB)

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M.M. totally Hypothetical, pure speculation. (I HAVE HAD NO CONTACT W J.Sims or NIOCORP. Last email to J. Sims was unanswered.)

1) I would say that a P.P. occurred with warrants that supersede these warrants, BUT I assume that IF that occurred it would have to be disclosed at the same time? It wasn't... (Not up on Cdn. securities law) so, probably not, so:

2) That these companies are parties to or part of a consortium providing funding and as a requirement for Debt Financing It was arranged that they relinquish their warrant holdings? But why not hold on to them and do additional funding? So if not:

3) That a non related Financier or Financing Consortium will Fund the project,and required as a part of the financing that Niocorp use financing proceeds to buy out and retire the warrants. (A liability on the books.) Funding close?

4) Bankrupt and readying for court???? (Ah Ah...Nah..NO! :)

4) (Your guess here!)

I think we will hear something either way shortly. (Again. Do your D.D. This is purely speculative board chatter trying to figure out what everyone wants to know!)