Niocorp Developments Ltd. (TSE:NB) has released an update.
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NioCorp Developments Ltd. has initiated the sale of 82,500 of its common shares by issuing an Advance Notice as per the terms of its Standby Equity Purchase Agreement, with the pricing set at 97% of the volume-weighted average on Nasdaq over a specified three-day period. The completion of this transaction is anticipated around March 7, 2024, offering a strategic investment opportunity but is not registered under the U.S. Securities Act, thus requiring compliance with exemption criteria or appropriate registration.
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