Niocorp Developments Ltd (NB)

[PutzMueler]

Can someone explain in simple laymen terms how this issuance of notes works?

Is this a loan, Until it isn’t?

Is NioCorp getting funds now, by the issuance of notes on April 11 to be dilutive later if NioCorp doesn’t pay back the interest or the loan?

Why isn’t this just a regular private placement? Is it because NioCorp expects to be able to pay off the Notes preventing dilutive shares from hitting the market?

Pursuant to the Purchase Agreement, the Purchasers advanced an aggregate of US$6,960,000 to NioCorp in consideration of the issuance by NioCorp to the Purchasers of US$8,000,000 aggregate principal amount of Notes and the Warrants at the time of Closing.

https://www.niocorp.com/niocorp-announces-closing-of-financing-agreement/