Niocorp Developments Ltd (NB): Fake news? The GXII filing plainly state...

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Niocorp Developments Ltd (NB)

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Re: ctkrod post# 91817

Wednesday, 03/15/2023 7:39:42 PM

Wednesday, March 15, 2023 7:39:42 PM

Fake news? The GXII filing plainly states the redemeption rate and how much money gets removed from the trust to pay the shareholders.

"Stockholders holding 28,506,605 shares of the Company’s Class A common stock exercised their right to redeem such shares for a pro rata portion of the funds in the Company’s Trust Account at a redemption price of approximately $10.159 per share. As a result, approximately $289.6 million in cash will be removed from the Trust Account to pay such holders."

It is what it is, but I was hoping for better than that. Whats done is done. Lets just get uplisted. Also, the exim bank debt is in the works :)

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