NioCorp Closes Private Placement
2014年3月20日 - 11:20PM
Marketwired
NioCorp Closes Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 20, 2014) -
NioCorp Developments Ltd. ("NioCorp" or the "Company")
(TSX-VENTURE:NB) (OTCQX:NIOBF) (FRANKFURT:BR3) is pleased to
announce the final closing of its non-brokered private placement,
(see news release January 15, 2014 and March 3, 2014). The Final
Tranche closing consisted of the issuance of a total of 5,856,608
common shares at a price of $0.20 per common share to 15 placees,
for gross proceeds of $1,171,321. Together with the first tranche
closing, the Company issued a total of 18,860,668 shares, for gross
proceeds of $3,772,133.
Insider Group participation in the Final Tranche included three
subscribers for a total of 3,432,483 common shares, including Mark
A. Smith, CEO, who subscribed for a total of 2,882,483 shares,
increasing his share holdings to a total of 9.46% of the issued and
outstanding shares of the Company. Also participating were Casey
Forward, CFO, for 300,000 shares, and Peter Dickie, President, for
250,000 shares. In connection with the closing of the Final
Tranche, the Company will pay finder's fees totalling $11,550.
All securities issued under the Final Tranche are subject to a
hold period expiring, July 20, 2014, being four months and one day
from the date of issuance. The proceeds of the Private Placement
will be used to conduct additional resource definition and
technical studies to further develop the Company's Elk Creek
Niobium project and for general working capital.
Together with the funds raised in late 2013, the company has now
raised in excess of $5.5 million, providing adequate capital to
allow for implementation of the Company's development plans at Elk
Creek. A further news release will be issued in the coming days
detailing various aspects of the planned work programs.
"We are very pleased to have raised this capital in otherwise
difficult market conditions. This funding will allow for a dramatic
increase in the technical work necessary to advance the Elk Creek
niobium deposit," said Mark Smith, CEO. "We look forward to
announcing the results of ongoing corporate planning, including
scheduled work programs and start dates in the near future."
About the
Company: NioCorp are developing the only primary niobium
deposit known to be under development in the U.S., and the highest
grade undeveloped niobium deposit in North America, located near
Elk Creek, Nebraska. The Company has published an NI 43-101
resource of 19.3 Million tonnes grading 0.67% Indicated, containing
over 129,182 tonnes of Nb2O5,
and 83.3 Mt grading 0.63% Inferred, containing over 523,844 tonnes
of Nb2O5). Niobium is
mainly used in the form of Ferro-Niobium to produce HSLA (High
Strength, Low Alloy) steel, to produce lighter, stronger steel for
use in automotive, structural and pipeline industries. The U.S.
imports 100% of its niobium needs.
ON BEHALF OF THE BOARD
Peter Dickie,
Director, President and Corporate Secretary
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Certain
statements contained in this press release may constitute
forward-looking statements. Such forward-looking statements are
based upon NioCorp's reasonable expectations and business plan at
the date hereof, which are subject to change depending on economic,
political and competitive circumstances and contingencies. Readers
are cautioned that such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause a
change in such assumptions and the actual outcomes and estimates to
be materially different from those estimated or anticipated future
results, achievements or position expressed or implied by those
forward-looking statements. Risks, uncertainties and other factors
that could cause NioCorp's plans or prospects to change include
changes in demand for and price of commodities (such as fuel and
electricity) and currencies; changes or disruptions in the
securities markets; legislative, political or economic
developments; the need to obtain permits and comply with laws and
regulations and other regulatory requirements; the possibility that
actual results of work may differ from projections/expectations or
may not realize the perceived potential of NioCorp's projects;
risks of accidents, equipment breakdowns and labour disputes or
other unanticipated difficulties or interruptions; the possibility
of cost overruns or unanticipated expenses in development programs;
operating or technical difficulties in connection with exploration,
mining or development activities; the speculative nature of mineral
exploration and development, including the risks of diminishing
quantities of grades of reserves and resources; and the risks
involved in the exploration, development and mining business.
NioCorp disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new
information, future events or otherwise.
This press
release is not for distribution or dissemination in the United
States and accordingly, shall not constitute an offer of securities
in the United States. The securities that may be issued pursuant to
this press release are not currently qualified by prospectus or
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act"), or the laws of any
state, and may not be offered or sold in the United States, or to,
or for the account or benefit of United States persons (as defined
in Regulation S under the Securities Act) or persons in the United
States absent registration or an applicable exemption from the
registration requirements. The securities are subject to resale
restrictions under applicable securities laws.
NioCorp Developments Ltd.(604) 568-7365www.NioCorp.com
Niocorp Developments (QX) (USOTC:NIOBF)
過去 株価チャート
から 6 2024 まで 7 2024
Niocorp Developments (QX) (USOTC:NIOBF)
過去 株価チャート
から 7 2023 まで 7 2024