NioCorp (NB) Developments announced that all remaining obligations under the original $8,000,000 aggregate principal amount of unsecured notes of NioCorp issued on April 12, 2024 have been satisfied. The Notes were issued and sold to YA II PN, an investment fund managed by Yorkville Advisors Global and Lind Global Fund II, an investment fund managed by The Lind Partners, pursuant to a Securities Purchase Agreement, dated April 11, 2024, by and between NioCorp and each of the Purchasers. Pursuant to the Purchase Agreement, the Purchasers advanced an aggregate of $6,960,000 to NioCorp in consideration of the issuance by NioCorp to the Purchasers of $8,000,000 aggregate principal amount of Notes and warrants to purchase up to an aggregate 615,385 common shares, without par value, of NioCorp. Following this final payment, all amounts due under the Notes to the Purchasers have been paid by NioCorp.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NB:
- Trump wants to do a deal for Ukraine’s rare earth elements, AP reports
- NioCorp Highlights China’s Tightening Grip on Critical Minerals
- NioCorp’s Elk Creek Project Advances in EXIM Financing Process
- NioCorp Developments Raises $4.28M in Offering
- NioCorp announces pricing of $5M underwritten offering priced at-the-market