Niocorp Developments Ltd (NB)

[Middleborder]

NE I do not think there will be any problem with Cashless warrant exercise. What company wants their SP jerked around by people who have to redeem shares to exercise. Retain the cost of the exercised shares and give the holder shares equal to the difference.

What I wonder is if the shelf shares that were sold to pay for the exercise convert into retained treasury shares? (Which can be sold or issued at some later date?) Or do they just not access the shelf shares? They have to record the increase in their cash position and bottom line balance sheet so I suppose they need to increase the treasury shares. Do treasury shares count toward total dilution?? Question for corporate accountants. (Might have been covered in my accounting classes, but I do not remember the question or answer.)