Niocorp Developments Ltd (NB)

[AlwaysOptimistic]

Hard to say. The offer to convert existing warrants at a lower price could be structured as an elective, not mandatory, allowing those who prefer to convert at the original $10+ in place. Getting money from willing warrants holders now is a win win for both NioCorp and warrant shareholders. NioCorp gets the money sooner to finance drilling and engineering and warrant holders get to convert at a lower price. Th has already stated that he is willing to convert all or a part of his warrants for a lower strike price. 1,000,000 warrants x $1.75 is $1,750,000. Would be nice to know how many warrants shareholders retain other than Th to get a better picture of how much money would be generated.