NioCorp Enters Into Amending Agreements Extending the Terms of Lind Convertible Security and CEO’s Credit Facility and Loan...
March 23 2017 - 05:01PM
NioCorp Developments Ltd. (“
NioCorp” or the
“
Company”) (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) is
pleased to announce that it has entered into an amending agreement
dated March 20, 2017 with Lind Partners (“
Lind”)
to extend the term of its initial Lind convertible security by six
months to June 17, 2018, and entered into amending agreements dated
March 20, 2017 with Mark Smith to extend the due dates of the
Company’s existing credit facility and loan with Mr. Smith to June
16, 2018 and June 17, 2018, respectively.
On Behalf of the Company, "Neal Shah” Neal Shah, CFO
@NioCorp $NB $NIOBF #Niobium #Scandium
#ElkCreek
About NioCorp
NioCorp is developing a superalloy materials
project in Southeast Nebraska that will produce Niobium, Scandium,
and Titanium. Niobium is used to produce superalloys as well as
High Strength, Low Alloy ("HSLA") steel, which is a lighter,
stronger steel used in automotive, structural, and pipeline
applications. Scandium is a superalloy material that can be
combined with Aluminum to make alloys with increased strength and
improved corrosion resistance. Scandium also is a critical
component of advanced solid oxide fuel cells. Titanium is
used in various superalloys and is a key component of pigments used
in paper, paint and plastics and is also used for aerospace
applications, armor and medical implants.
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 document.
For More Information:
Contact Jim Sims, VP of External Affairs, NioCorp Developments Ltd., 720-639-4650, jim.sims@niocorp.com
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