Niocorp Developments Ltd. (TSE:NB) has released an update.
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.
For further insights into TSE:NB stock, check out TipRanks’ Stock Analysis page.
