Niocorp Developments Ltd (NB)

[Middleborder]

Why now? Its probably dictated by lead time.

They need to begin promotion of the deal now; (October meetings)

Depending on what L3 and Scott find, they may need to update their processing flow design and probably need to have Rockwell automation rebid their equiptment and restate their previous Economic plan to present to the shareholders in their approval vote.

They have 5 months for their lawyers and translators working on obtaining regulatory approval in 3 different countries and one state, allowing time for adjustments to the legal documents, then they need to solicit shareholder approval from 2 groups of shareholders in 3 different countries, allowing, of course, time to review the terms of the deal and allow some shareholders to redeem out their shares. If shareholder approved then they need to process the reverse split and get Nasdaq review and uplisting, possibly with a new name and symbol. They need to do this with 2 major intervening holidays, year end accounting cycles, etc, and get it done before the 2 year SPAC deadline.

Lot of stuff on the table to get done before GXII drop dead date 2023 Q1.