Niocorp Developments Ltd. (TSE:NB) has released an update.
NioCorp Developments Ltd. has initiated the sale of 85,000 of its common shares under its Standby Equity Purchase Agreement, with the pricing set at 97% of the volume-weighted average on Nasdaq over a three-day period. The transaction is expected to close by March 14, 2024, and the shares are being sold through a private placement exempt from registration requirements. This strategic move aims to strengthen the company’s financial position without a public offering in Canada or the United States.
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