Replies to post #4994 on Niocorp Developments Ltd (NB)

[The Rainmaker]

$16.5 million dollars at 60 cents is around 27 million shares with another 23 million warrants approximately. Those 23 million warrants exercisable at 65 cents would bring in another $13 million in funding for the company when/if those warrants get exercised. People want those warrants redeemed down the road, means stock price is over 65 cents cdn.

[Blairman]

Thoughts? As per the NR on Sept 22 ::See the BOLD below
Vancouver, British Columbia – September 22, 2014 – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX-V: NB, OTCQX: NIOBF, FSE: BR3) is pleased to announce that it has entered into an agreement with Mackie Research Capital Corporation (the "Agent") in connection with a private placement of special warrants (the "Special Warrants") to raise aggregate gross proceeds of up to $16.5 million, at an issue price to be determined in the context of the market (the "Offering"). The Offering will be conducted on a “best efforts” private placement basis.
The Company has also granted the Agent an option (the “Agent’s Option”) to increase the size of the Offering by up to 15% in Special Warrants, by giving written notice of the exercise of the Agent’s Option, or a part thereof, to the Company at any time up to 48 hours prior to the closing date of the Offering.

Maybe this is why we have an extension to Oct 30th?? Mackie might have raised 15% more $2,475,000??