Current Report Filing (8-k)
May 24 2018 - 4:43PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K
_______________________
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 22, 2018
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____________________________
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NioCorp Developments Ltd.
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(Exact name of registrant as specified in its charter)
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____________________________
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British Columbia, Canada
(State or other jurisdiction
of incorporation)
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000-55710
(Commission File Number)
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98-1262185
(IRS Employer
Identification No.)
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7000 South Yosemite Street, Suite 115
Centennial, Colorado 80112
(Address of principal executive offices) (Zip Code)
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Registrant’s telephone number, including
area code:
(720) 639-4647
(Former name or former address, if changed
since last report)
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Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
ý
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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Item 3.02
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Unregistered Sales of Equity Securities.
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As previously disclosed, on December
14, 2015, NioCorp Developments Ltd. (the “Company”) entered into a definitive convertible security funding agreement
with an entity managed by The Lind Partners, a New York-based asset management firm (collectively with The Lind Partners, “Lind”),
and issued to Lind an initial convertible security (the “Convertible Security”).
On April 24, 2018, the Company issued
719,956 common shares of the Company to Lind upon conversion of US$275,000 in principal amount of the Convertible Security at a
conversion price of C$0.49079 per share. On May 22, 2018, the Company issued 1,622,861 common shares of the Company to Lind upon
conversion of US$625,000 in principal amount of the Convertible Security at a conversion price of C$0.49623 per share. In each
case, the common shares were issued, among other exemptions, pursuant to Section 3(a)(9) of the Securities Act of 1933 in connection
with the voluntary conversion of a portion of the amount outstanding under the Convertible Security and based upon representations
and warranties of Lind in connection therewith.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
NIOCORP DEVELOPMENTS LTD.
By:
/s/ Neal S. Shah
Name: Neal S. Shah
Title: Chief Financial Officer
Date: May 24, 2018