Niocorp Developments Ltd (NB)

[SkiFunds]

Just to clarify, the point of my post regarding the Billion Shares was to show that a company is required to disclose what could potentially happen. I do not believe that all of the shares, options, warrants, and other instruments will be converted. Some of them may be out of the money before they expire, and the Yorkville instruments (81.7 million shares) are only if needed and at the company’s option.

I do believe that there will a high participation of GXII shareholders, and that the GXIIW warrant holders ($180 million strike price proceeds) will exercise, but that doesn’t have to happen for up to 5 years.

My point is that the potential Billion Shares does not just mean dilution, it is a possibly and a trade off for cash as well.

My guess (WAG) would be that they raise $250-300 mil at the close, and another $50-100 mil when it lists. And then debt will cover the rest.