Niocorp Developments Ltd (NB)

[NorCalTommy]

TH- Forgive me, i am still trying to make sure i have this right.... I sure hope i am wrong in my understanding, and i do not recall seeing this ' $18 redemption clause',

to clarify, is it saying that as soon as the stock hits $18 ($1.80 pre split) the combined company reserves the right to force warrant holders to convert their shares??

Thereby, precluding any additional warrant gains above $18 NIOBF S/P??? This can't be right, what am i missing here!. WHAT!!!! There is NO WAY they would constrain the warrant holder (to a maximum of $18.00 SP) without having included that language in the initial terms of the warrant offering (prior to the S4 release).... PLEASE tell me i am wrong here and clarify the terms......

Citing NEgoodlife's example below- from 10/25, (against the backdrop of the recent revelation in the S-4 about the $18 warrant redemption clause)- It would appear that this is off the table and not realistic anymore, agreed? ,

_______________________________________________________
NEgoodlife
Re: None
Tuesday, October 25, 2022 5:09:27 PM
Post# of 85847 Go
So, I picked up 20,000 GXIIW shares yesterday for $4k. Ignoring a reverse stock split (to make this calculation easier since it ends up the same either way), I would need the NIOBF price to reach $5.52 by 3/17/26 to generate a net gain of $1M. I like that risk/return.

20,000 x $11.50 exercise price = $230k
$230k + $4k = $234k total basis
20,000 GXII shares x 11.1829 exchange ratio = 223,658 NIOBF shares
223,658 x $5.52 per share = $1,234,593
$1,234k - $234k basis = $1M gain

________________________________________________________


Thanks!

NCT