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Enter Symbol
or Name
USA
CA



Niocorp Developments Ltd
Symbol NB
Shares Issued 100,397,328
Close 2014-01-14 C$ 0.23
Market Cap C$ 23,091,385
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Niocorp arranges $10-million private placement

2014-01-15 16:13 ET - News Release

Subject: NioCorp Announces Private Placement NioCorp Announces Private Placement
Marketwired
 
 
NioCorp Developments Ltd
TSX VENTURE:NB
OTCQX:NIOBF
FRANKFURT:BR3
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January 15, 2014
NioCorp Announces Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 15, 2014) -

NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES

NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX VENTURE:NB)(OTCQX:NIOBF)(FRANKFURT:BR3) is pleased to announce that it has arranged a non-brokered private placement (the "Private Placement") of up to 50,000,000 common shares (the "Shares") of the Company at a price of CAN$0.20 per Share to raise gross proceeds of up to $10,000,000. 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 finder's fees in part or in whole, in accordance to 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.

About the Company: NioCorp are developing the only primary niobium deposit known to be under development in the U.S., and the highest grade undeveloped niobium deposit in North America, located near Elk Creek, Nebraska. The Company has published an NI43-101 resource of 19.3 Million tonnes grading 0.67% Indicated, containing over 129,182 tonnes of Nb2O5, and 83.3 Mt grading 0.63% Inferred, containing over 523,844 tonnes of Nb2O5. Niobium is mainly used in the form of Ferro-Niobium to produce HSLA (High Strength, Low Alloy) steel, to produce lighter, stronger steel for use in automotive, structural and pipeline industries. The U.S. imports 100% of its niobium needs.

ON BEHALF OF THE BOARD

Peter Dickie, Director, President and Corporate Secretary

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release may constitute forward-looking statements. Such forward-looking statements are based upon NioCorp's reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause NioCorp's plans or prospects to change include changes in demand for and price of commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp's projects; risks of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business. NioCorp disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

This press release is not for distribution or dissemination in the United States and accordingly, shall not constitute an offer of securities in the United States. The securities that may be issued pursuant to this press release are not currently qualified by prospectus or registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state, and may not be offered or sold in the United States, or to, or for the account or benefit of United States persons (as defined in Regulation S under the Securities Act) or persons in the United States absent registration or an applicable exemption from the registration requirements. The securities are subject to resale restrictions under applicable securities laws.

CONTACT INFORMATION:
NioCorp Developments Ltd.
(604) 568-7365
www.NioCorp.com
INDUSTRY: Manufacturing and Production - Mining and Metals

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