on NioCorp Developments Ltd. (isin : CA6544846091)
NioCorp Announces Closing of Private Placement for Gross Proceeds of US$0.6 Million
NioCorp Developments Ltd. (NASDAQ:NB) announced the closing of a non-brokered private placement, raising USD$0.6 million. The company issued 315,000 units at USD$1.91 per unit. Each unit includes one common share and one common share purchase warrant. The warrants are exercisable at USD$2.20 per share until June 24, 2026.
The proceeds will support the advancement of NioCorp's Elk Creek Critical Minerals Project, working capital, and general corporate purposes. The securities are under a four-month-and-one-day hold period as per Canadian securities laws.
This announcement is not intended as an offer or solicitation to buy securities in any jurisdiction where such actions are unlawful. The securities have not been registered under the U.S. Securities Act of 1933 and cannot be sold in the United States without proper registration or an exemption.
R. P.
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