Niocorp Developments Ltd. (TSE:NB) has released an update.
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NioCorp Developments Ltd. has successfully completed the issuance and sale of 85,000 of its common shares at a price of $2.6638 each, pursuant to the terms of their Standby Equity Purchase Agreement from January 2023. The shares were sold at a slight discount, based on 97% of the average volume-weighted price on the Nasdaq, and are part of a strategic financing maneuver by the company. The issued shares have not been registered under the Securities Act and are subject to specific exemptions in the US and Canada.
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