NioCorp’s S-1 Registration Statement Brought Effective by U.S. Securities and Exchange Commission
October 14 2016 - 6:00AM
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 InformationContact Jim
Sims, VP of External Affairs, NioCorp Developments, Ltd.,
720-639-4650, jim.sims@niocorp.com
About NioCorpNioCorp 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 StatementsNeither 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.
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