Niocorp Developments Ltd (NB)

[AlwaysOptimistic]

Addtl: the strike price would have to be lower than the current share price otherwise warrant holders would have no incentive to exercise their warrants and there should be a holding period of 30 days so the warrant shareholders don’t immediately sell those shares for a profit. This would be a quick way for NioCorp to raise funds for drilling, engineering work and to complete the revised FS. Again, the caveat should be proceeds can only fund the above objectives not company salaries, bonuses or stock options. With the news that NioCorp raised enough capital to fund drilling, engineering and a revised FS by raising money now through shareholders exercising warrants, the share price would appreciate.