Niocorp Developments Ltd (NB)

[Middleborder]

Monocle; LCP77

56212 and 56207

Thank you both for providing this information!

(In case anyone new to investing and unfamiliar with warrants wonders what might result from the higher share prices!)

Warrents are issued by a company to raise money and represent a right to purchase future shares at a set price (Exercise Price.)

If the Market S.P. exceeds the Warrant Exercise price, Warrant Holders ("WH") can buy the shares a that lower exercise price and Niocorp will issue shares to the WHs. The WHs may keep them hoping for further increase in S.P., or they may sell them and realize an immediate profit on the spread between the current share price and the lower exercise price.

While the exercise will dilute the total number of issued shares, it will also result in an Income/Revenue item for Niocorp!

As LCP77 noted and Mopocle points out;

"7.4 million warrants at $.85 Cad expire in February. They would generate over $6.3 million if exercised."

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From NICORP Website

NioCorp Share Structure
As of September 30, 2019,...

Shares Outstanding

Issued: 234,293,107
Options:1 19,449,909
Warrants:1 21,374,801

Fully Diluted Shared Outstanding2 275,117,817

1 Each exercisable into one Common Share.

2 This total does not include possible share issuances from approximately $0.3 million of convertible debt held by the Company.