Niocorp Developments Ltd (NB)

[Middleborder]

Special K2020; I think that they expect redemptions to occur and appear to have up to an $81 million in additional financing. Would cover about 28% redemption by GXII shareholders. (If I understand this correctly!)

FREQUENTLY ASKED QUESTIONS
ABOUT THE PROPOSED NIOCORP – GXII BUSINESS COMBINATION

"Provide NioCorp with up to $285 million in net cash proceeds at the consummation of the
Transaction, depending upon GXII share redemptions, and up to an additional $81 million over
the next three years, depending on the consummation of other additional financing
Frequently Asked Questions About The
Proposed NioCorp – GXII Business Combination
3
arrangements that NioCorp and GXII intend to pursue prior to and following the expected closing
of the proposed Transaction."

In the current economic environment I think that an investment in a US Based mine that reflects ESG principles and whose product consists of commodities...alloy metals and REES...is probably a good deal more attractive ti GXII investors than a media company. Just have to let it play out!