Niocorp Developments Ltd (NB)

[Middleborder]

grunt23: I requested this information! Thank you for maintaining and posting this information!

There are 2 sets of warrants that are currently in the money and will expire in the next month, July 2021.

Warrants Proceeds to NioCorp if exercised

1,035,319 C$ 0.77 July 9, 2021 1,035,319 * C$0.77 = C$ 797,195
2,607,750 C$ 0.79 July 26, 2021 2,607.750 * C$0.79 = C$ 2,060,122

Since these are expiring and in the money I do expect the holders of these warrants to exercise them--if they have not already--and then sell all or some portion of those shares to pay for their purchase.

IF all the warrants are exercised this would result in C $2,857,317 of new Capital for NioCorp to fund operations or pay down debt.

The extent to which this dilutes total NioCorp shares depends on whether NioCorp can take these shares from a holding of their Treasury Shares or will need to issue new shares. (I do not think that Niocorp has very many treasury shares ? so probably will need to issue them.)

The result of this is, to me, in spite of any dilution, is positive because it increases working capital for the company. It also provides a positive signal to prospective shareholders because the share price is increasing.

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(reposting Grunt23's info here)

Data obtained from the 3/31/2021 10-Q.

As of May 11, 2021, the registrant had 251,667,966 Common Shares outstanding. (Today the TSX shows 253,185,585 common shares outstanding and a market cap of 387,373,966). Almost 400 million, pretty amazing.



At March 31, 2021, the Company had outstanding exercisable Common Share purchase warrants (“Warrants”), as follows:
Number Exercise Price Expiry Date:

658,872 C$ 0.72 April 5, 2021
298,581 C$ 0.72 April 29, 2021
645,250 C$ 0.72 May 9, 2021
Exercised or expired
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1,035,319 C$ 0.77 July 9, 2021
2,607,750 C$ 0.79 July 26, 2021
500,000 C$ 0.80 December 18, 2022
8,558,000 C$ 0.97 February 19, 2025 (Lind)
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Total outstanding warrants 14,303,772

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The following table summarizes information about options to purchase Common Shares (“Options”) outstanding at March 31, 2021

Exercise Price Expiry Date Outstanding Number
Aggregate Intrinsic Value
Number Exercisable
Aggregate Intrinsic Value

C$ 0.94 July 21, 2021 540,000 C$ 173 540,000 C$ 173
C$ 0.76 March 6, 2022 4,700,000 2,350 4,700,000 2,350
C$ 0.47 November 9, 2022 3,205,000 2,532 3,205,000 2,532
C$ 0.84 September 18, 2023 1,050,000 441 1,050,000 441
C$ 0.54 November 15, 2023 4,120,000 2,966 4,120,000 2,966
C$ 0.75 December 14, 2023 1,825,000 931 1,825,000 931
C$ 0.75 December 16, 2023 550,000 281 550,000 281
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Just a reminder, the US markets will be closed on July 5th.

Happy Investing!

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As Grunt23 states, that these warrants totals DO NOT include warrants issued under the May 11, 2021 Private placement that included Lind, which included shares purchased at C$1.43 along with a warrent exercisable at C$1.63 good until May 10, 2023. (Remember that These shares cannot be sold until September 11, 2021!!)
details here:

May 11 Private Placement