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NioCorp Completes Issuance and Sale of 70,000 Shares under the Standby Equity Purchase Agreement
CENTENNIAL, CO / ACCESSWIRE / September 12, 2023 / NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB)(TSX:NB) today issued and sold 70,000
About this update from Niocorp Developments Ltd.
[{"type":"text","content":"CENTENNIAL, CO / ACCESSWIRE / September 12, 2023 / NioCorp Developments Ltd. (\"NioCorp\" or the \"Company\") (NASDAQ:NB)(TSX:NB) today issued and sold 70,000 shares (the \"Advance Shares\") of the Company's common shares, without par value (the \"Common Shares\"), upon settlement of the previously announced Advance Notice that it delivered on September 7, 2023 pursuant to the Standby Equity Purchase Agreement, dated January 26, 2023 (the \"Standby Equity Purchase Agreement\"). The Advance Shares were issued and sold at a purchase price per share of $3.6998, which reflects 97% of the average volume-weighted average price of the Common Shares on The Nasdaq Stock Market LLC (\"Nasdaq\") as required under the Standby Equity Purchase Agreement.No Offer or SolicitationThis communication does not constitute an offer to sell or the solicitation of an offer to buy any securities. The Advance Shares are being offered and sold in reliance on the exemption from registration set forth in Section 4(a)(2) of the Securities Act of 1933 (the \"Securities Act\"). The Advance Shares have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign securities laws. In Canada, no offering of securities shall be made except by means of a prospectus in accordance with the requirements of applicable Canadian securities laws or an exemption therefrom. This communication is not, and under no circumstances is it to be construed as, a prospectus, offering memorandum, an advertisement or a public offering in any province or territory of Canada. In Canada, no prospectus has been filed with any securities commission or similar regulatory authority in respect of any of the Advance Shares.For More InformationContact Jim Sims, Corporate Communications Officer, NioCorp Developments Ltd., (720) 334-7066, [email protected] NioCorpNioCorp is developing a critical minerals project in Southeast Nebraska that is expected to produce niobium, scandium, and titanium, subject to the receipt of sufficient project financing. The Company also is evaluating the potential to produce several rare earths from the ...