Niocorp Developments Ltd (NB): Yes both GXII and GXIIW get 11.18 shares...

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Niocorp Developments Ltd (NB)

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Re: th6565 post# 91533

Saturday, 03/11/2023 11:12:44 AM

Saturday, March 11, 2023 11:12:44 AM

Yes both GXII and GXIIW get 11.18 shares of NioCorp, but then I think I read that both GXII/GXIIW and NioCorp perform reverse splits to a “be determined” ratio. The end result (assuming no GXII redemptions) is 58% equity in the new combined company owned by GXII shareholders and 42% owned by legacy NioCorp shareholders.

This is in a sedar document posted by NioCorp on Feb 9, 2023.

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