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Oct 14, 2016 6:00 EDT

NioCorp’s S-1 Registration Statement Brought Effective by U.S. Securities and Exchange Commission

Disclosure NewswireTM

iCrowdNewswire - Oct 14, 2016


Effectiveness Benefits Current NioCorp Warrant Holders Who Registered Their Securities in the Filing


CENTENNIAL, Colo. — NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) (FSE: BR3) announces that its Form S-1 resale registration statement (“S-1”) filed on September 2, 2016, as amended September 22, 2016, has been brought effective by the U.S. Securities and Exchange Commission. 

The S-1 resale registration statement will permit those selling security holders of NioCorp warrants who registered the resale of the common shares issuable upon exercise of such warrants in the registration statement avoiding what could have been indefinite hold periods on the shares under U.S. federal securities laws. NioCorp will not receive any proceeds from the sale of the common shares by the selling securityholders. Upon the cash exercise of the warrants, NioCorp will receive the exercise price of the warrants.

The S-1 resale registration statement doesn’t necessitate that selling security holders sell any common shares they acquire as a result of exercising their warrants.   While NioCorp’s Executive Chairman and Chief Executive Officer, Mark A. Smith, is named as a selling shareholder in the prospectus, Mr. Smith has indicated to NioCorp’s management and board of directors that he has no intention of selling common shares in the near future.

The offering of the common shares may only be made by means of a prospectus contained in the effective registration statement. A registration statement relating to the common shares has been declared effective by the Securities and Exchange Commission. The registration statement may be accessed electronically through the SEC’s website at https://www.sec.gov/cgi-bin/browse-edgar?company=Niocorp&owner=exclude&action=getcompany. A copy of the prospectus related to the offering may also be obtained from NioCorp by writing to 7000 South Yosemite, Suite 115, Centennial, Colorado 80112 or by calling (855) 264-6267.

On Behalf of the Board of Directors

Mark Smith

Mark Smith
Executive Chairman, CEO and Director

Source:  NioCorp Developments, Ltd.
@NioCorp $NB $NIOBF #Niobium #Scandium #ElkCreek

For More Information
Contact Jim Sims, VP of External Affairs, NioCorp Developments, Ltd., 720-639-4650, [email protected]

About NioCorp
NioCorp is developing the Elk Creek Niobium / Scandium / Titanium project in Southeast Nebraska. Niobium is used to produce High Strength, Low Alloy (“HSLA”) steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications.  Scandium can be combined with Aluminum to make an alloy with increased strength and improved corrosion resistance.  Scandium is also a critical component of advanced solid oxide fuel cells.  Titanium is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor and medical implants.

Cautionary Statements
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the company’s securities, nor shall there be any sale of these securities in any state in which the offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this document may constitute forward-looking statements, including but not limited to statements regarding the future sale of common shares by selling shareholders, the future receipt of cash upon exercise of warrants and other similar 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 labor 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; risks involved in the exploration, development and mining business and the risks set forth under the heading “Risk Factors” in the Company’s S-1 registration statement and other filings with the SEC at www.sec.gov. 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.


Contact Information:

Jim Sims, 720-639-4650, [email protected]

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