Niocorp Developments Ltd (NB)

[scooter83]

It seems the $65 million Yorkville sepa financing does allow an advance purchase to be sold (shorted) before receiving it.

See the last sentence of the quote at the bottom.

https://www.niocorp.com/niocorp-completes-issuance-and-sale-of-100000-shares-under-the-standby-equity-purchase-agreement/


https://www.sec.gov/Archives/edgar/data/1512228/000153949723001502/n2574_x153posam-sepa.htm


"YA has agreed that, during the term of the Purchase Agreement, neither YA nor its affiliates will engage in any short sales or hedging transactions which establish a net short position with respect to any securities of NioCorp (including our Common Shares), provided that upon receipt of an Advance Notice, YA may sell Advance Shares that it is obligated to purchase under such Advance Notice prior to taking possession of such Advance Shares."