Niocorp Developments Ltd. (TSE:NB) has released an update.
NioCorp Developments Ltd. has completed a private placement deal, securing $8 million through the sale of unsecured notes and additional warrants to purchase common shares. The financial arrangement obligates the company to repay the principal with a premium and accrued interest, starting June 1, 2024, provided certain equity conditions are met. This strategic move was facilitated by the Toronto Stock Exchange’s relaxed standards for interlisted issuers and involved key investors like Yorkville’s investment fund.
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