Niocorp Developments Ltd (NB)

[Middleborder]

Dr! P.M., Chico,

$US

Bid 1.44 x 9,650
Ask 1.45 x 2,300
Vol 694,048


I suspect that there are a lot of previously issued warrants that are above the strike price and in the money, which if exercised should result in the purchase (and sale!) of NioCorp shares. (Treasury shares? Or New issue.) I know someone has this info.... Grunt??


Then there is this..... Lind can buy but not sell until 9-11-2021 (Lousy date choice...)

CENTENNIAL, Colo., May 11, 2021– NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Private Placement”) of units (the “Units”) of the Company. A total up-sized offering of 4,334,157 Units were issued at a price per Unit of C$1.43, for total gross proceeds to the Company of approximately C$6.2 million.

The pricing of the Units was set at a premium to the five-day Volume Weighted Average Price (“VWAP”) of NioCorp common shares just prior to the launch of the offering.

Each Unit consists of one common share of NioCorp (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one Common Share at a price of C$1.63 until May 10, 2023. Snip.....

All of the securities sold pursuant to the offering are subject to a four-month hold period, which will expire on September 11, 2021."

I would normally complain about dilution, but the price is going up.