Replies to post #61623 on Niocorp Developments Ltd (NB)

[Nebraskan]

I actually think he means to say June 16th, not the 20th. BECAUSE.

CENTENNIAL, Colo. (January 14, 2020) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF) is pleased to announce that it has expanded its existing non-revolving credit facility between the Company and its Executive Chairman, Mark Smith, to US$2.5 million from the previous limit of US$2 million.

Funds drawn on the credit facility will assist the Company in continuing its work to secure project financing for the Elk Creek Project and move the project to a construction start.

The credit facility bears an interest rate of 10%, is secured by the Company’s assets pursuant to a general security agreement, and is subject to a 2.5% establishment fee. The amounts outstanding under the credit facility will become due June 16, 2020.