- NioCorp Developments (NASDAQ:NB) to complete a non-brokered private placement of 336,185 units at a price of $3.08 per unit.
- Insider investors have agreed to subscribe at a price of $3.205 per unit, which price includes $0.125 per warrant.
- Aggregate gross proceeds of $1M.
- The company expects to use the proceeds for continued advancement of the company’s Elk Creek Critical Minerals Project and for working capital and general corporate purposes.
- The stock price is down 2.7% on Friday during pre-market.
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