Mr. Peter Dickie reports
NIOCORP ANNOUNCES PRIVATE PLACEMENT
Niocorp Developments Ltd. has arranged a non-brokered private placement of up to 50 million common shares of the company at a price of 20 cents per share to raise gross proceeds of up to $10-million. The proceeds will be used to conduct further exploration and development of its Elk Creek niobium project, and for general working capital.
The company may pay finders' fees in part or in whole, in accordance with TSX Venture Exchange rules. The private placement is subject to acceptance by the TSX Venture Exchange. All the securities issued under the private placement are subject to resale restrictions under applicable securities legislation.
We seek Safe Harbor.
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