Niocorp Developments Ltd (NB)

[tedro84]

Ask and you shall receive. I’m surprised others haven’t done this DD. The initial Lind deal had the four month hold, subject to a prospectus that would nullify the hold. I didn’t look for this as the initial agreement is no longer in effect anyways. The subsequent Lind agreement is the only one in effect today. The agreement is linked below. It had an initial four month hold from the date of closing. There is no holding period for conversions after that initial four months from the end of June 2018. The initial $350k/$275 30 day/monthly conversion limits still apply.

https://www.sec.gov/Archives/edgar/data/1512228/000161577418006090/s111190_ex4-1.htm

I reiterate, this is largely insignificant. Lind does not pursue these investment opportunities with a long term view. Their goal is to get out as soon as possible and trade shares for cash via retail investors that are still accumulating in the company. Best case for Lind is a steadily increasing share price. I’m willing to bet they would trade this for a non-volatile flat price and take their 15% premium, 20% interest, and legal fees and run away.