Niocorp Developments Ltd (NB)

[tedro84]

I could be wrong, but I don’t think so. The final Lind loan was $1M. They were given a $1.2M security in exchange and I believe the debt was recorded as 1.2 immediately. The extra $200k was two years worth of interest at 10%, all prepaid by lumping it into the principal. You should see a million less in convertible debt, as that is what was remaining at the end of June.

There are $800k in other convertible notes that also should have expired this month. Be interesting to see if those were converted or extended.