Niocorp Developments Ltd (NB)

[walterc]

My remarks on the latest PR on the PP of 1 million usd on what I noticed.

1)The shareprice of the PP was about 10 percent higher than the closing shareprice yesterday. Usually PPs are done at a discount of about 20 percent .
2) There was no commision paid to intermediaries

It is clear to me that there are investors, friends of Niocorp ( probably existing investors) who want to assist the company with bridge financing until further larger financing is obtained. (as there may be strategic investments by Stellantis and other ones in the pipeline)..
This financing by friendly investors is of course preferred above tapping further from the Yorkville credit line.
I speculate that if further financing is obtained one of the first things which would happen is the repayment of the Yorkville convertible.

I also think it is wise to do small PP’s at these lower prices .