Niocorp Developments Ltd (NB)

[Middleborder]

Scooter; It will be $285 million if the Shareholders of GXII sign on to this reverse merger. If not, it may be less.


"Depending upon redemption rates of current shareholders of GXII, NioCorp could receive up to $285M in net cash proceeds at the consummation of the transaction"

"GXII shareholders will receive shares in NioCorp at closing based on a conversion ratio reflecting a post-merger enterprise value of NioCorp estimated at $313.5 million"

What happens depends on what the Gicksie shareholders decide. Let's hope most of them go for it since NIOBF shares are actually up in a mostly down market and better to hold property in and rights to a valuable mineral in an inflationary setting. NioCorp shareholders have a say too, but at this point I do not anticipate 10 year NIOCORP shareholders saying no to pretty much any Equity and Debt package presented to them.

Yep, not 10 years a shareholder, but I will vote yes; A bit of a crass way to put it is that it still feels like kissing your grandma for birthday cake and ice cream. Need to look ahead with the anticipation that eventually you receive the keys to her Mercedes.