Current Report Filing (8-k)
June 07 2017 - 5:01PM
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): June 1, 2017
NioCorp Developments Ltd.
(Exact name of registrant as specified
in its charter)
British Columbia, Canada
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000-55710
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98-1262185
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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7000 South Yosemite Street, Suite 115
Centennial, Colorado 80112
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number,
including area code: (720) 639-4647
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)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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
x
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.
x
Item 3.02. Unregistered Sales of Equity Securities.
On April 24, 2017, NioCorp Developments Ltd. (the “
Company
”)
issued 901,060 common shares of the Company to Lind Asset Management IV, LLC (“
Lind
”) upon conversion
of US$400,000 in principal amount of the Company’s outstanding convertible note issued to Lind in December 2015 (the “
Lind
Note
”) at a conversion price of C$0.59934 per share. The common shares were issued, among other exemptions, pursuant
to Section 3(a)(9) of the Securities Act of 1933 (the “
Securities Act
”), in connection with the
voluntary conversion of a portion of the amount outstanding under the Lind Note and based upon representations and warranties of
Lind in connection therewith.
On June 1, 2017, the Company issued 1,489,142 common shares
of the Company to Lind upon conversion of US$600,000 in principal amount of the Lind Note at a conversion price of C$0.54485 per
share. The common shares were issued, among other exemptions, pursuant to Section 3(a)(9) of the Securities Act, in connection
with the voluntary conversion of a portion of the amount outstanding under the Lind Note 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.
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NIOCORP DEVELOPMENTS LTD.
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By:
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/s/ Neal Shah
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Neal Shah
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Chief Financial Officer
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Date: June 7, 2017
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