Niocorp Developments Ltd (NB)

[Middleborder]

Monocle:

Perhaps this should be understood in the light of the information that Mark provided the reporter at the annual meeting about "Financing being settled and was only waiting for the Lawyer sign offs." (My Paraphrase!)

Sufficient time has passed to allow dissemination of his statement allowing Mark to make this purchase. We should also take this to mean no immediate action on Financing in the next couple of weeks.

(I think the consensus was that it was not expected until January in any case.)

Per:

http://tmx.complinet.com/en/display/display_viewall.html?rbid=2072&element_id=155&record_id=155&print=1

"Restrictions on Employee Trading

Sec. 423.8.

The Disclosure Rules require that employees with access to material information be prohibited from trading until the information has been fully disclosed and a reasonable period of time has passed for the information to be disseminated. This period may vary, depending on how closely the company is followed by analysts and institutional investors. ...
(SNIP....)

... In the case of pending transactions, the circumstances of each case should be considered in determining when to prohibit trading. In some cases, prohibition may be appropriate as soon as discussions about the transaction begin. The definition of materiality helps determine when trading should be prohibited in the case of pending transactions. Trading must be prohibited once the negotiations have progressed to a point where it reasonably could be expected that the market price of the company's securities would materially change if the status of the transaction were publicly disclosed. As the transaction becomes more concrete, it is more likely that the market will react. This prohibition on trading will often come into effect before the point in time when it must be disclosed publicly. In all situations, it is a judgment call as to when employee trading should be restricted."