Niocorp Developments Ltd (NB): The dates are confusing. I won't pretend...

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Niocorp Developments Ltd (NB)

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Re: PutzMueler post# 107196

Saturday, 01/13/2024 2:42:02 PM

Saturday, January 13, 2024 2:42:02 PM

The dates are confusing. I won't pretend to understand all the bs. The sponsors have around 5.6 million private warrants (paid $8.5mm or $1.5 each). They do not follow the same rules.

Private Warrants

The Private Warrants: (i) will be exercisable either for cash or on a cashless basis at the holder’s option and (ii) will not be redeemable by the Company, in either case as long as the Private Warrants are held by the Sponsor, its members or any of their permitted transferees (as prescribed in the NioCorp Assumed Warrant Agreement).

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