As filed with the Securities and Exchange Commission on September 2, 2022

File No. 333-228982

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

POST-EFFECTIVE AMENDMENT NO. 1 TO

FORM S-3
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

NioCorp Developments Ltd.

(Exact name of registrant as specified in its charter)

 

British Columbia, Canada
(State or other jurisdiction of
incorporation or organization)
98-1262185
(I.R.S. Employer
Identification Number)

 

7000 South Yosemite Street
Suite 115
Centennial, Colorado 80112
(720) 639-4647

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

CT Corporation System
111 Eighth Avenue
13th Floor
New York, New York 10011
(800) 624-0909

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 

Copies to:

Christopher M. Kelly, Esq.

Andrew C. Thomas, Esq.
Jones Day
North Point
901 Lakeside Avenue
Cleveland, Ohio 44114
(216) 586-3939

 

Approximate date of commencement of proposed sale to the public: Not Applicable.

 

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box: ¨

 

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box: ¨

 

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨

 

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨

 

If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ¨

 

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ¨

        

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ¨ Accelerated filer ¨
Non-accelerated filer þ Smaller reporting company þ
    Emerging growth company ¨

  

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 pursuant to Section 7(a)(2)(B) of the Securities Act. ¨

 

The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

 

 

 

 

EXPLANATORY NOTE

TERMINATION OF REGISTRATION STATEMENT AND
DEREGISTRATION OF SECURITIES

On December 21, 2018, NioCorp Developments Ltd., a British Columbia corporation (the “Company”), filed a registration statement on Form S-3, Registration No. 333-228982 (as amended from time to time, the “Registration Statement”) with the Securities and Exchange Commission. The Registration Statement was declared effective on February 13, 2019.

The Registration Statement registered for resale by certain selling shareholders up to an aggregate of 16,653,321 common shares, without par value, of the Company (“Common Shares”), comprising:

(i) 1,950,900 Common Shares issued to selling shareholders in connection with the Company’s July 2017 brokered private placement (the “July 2017 Private Placement”);

(ii) 2,495,000 Common Shares issuable upon exercise of Common Share purchase warrants, exercisable at C$0.79 per Common Share, which were issued to selling shareholders in connection with the July 2017 Private Placement and expired on July 26, 2021 (the “July 2017 Warrants”);

(iii) 192,562 Common Shares issuable upon exercise of Common Share purchase warrants, exercisable at C$0.79 per Common Share, which were issued to Mackie Research Capital Corporation for services rendered in connection with the July 2017 Private Placement and expired on July 26, 2017 (the “Mackie Warrants”);

(iv) 2,875,841 Common Shares issued to selling shareholders in connection with the closing of the first tranche (the “First Tranche Closing”) of the Company’s September 2018 non-brokered private placement (the “September 2018 Private Placement”);

(v) 1,437,919 Common Shares issuable upon exercise of Common Share purchase warrants, exercisable at C$0.75 per Common Share, which were issued to selling shareholders in connection with the First Tranche Closing and expired September 14, 2020 (the “First Tranche Warrants”);

(vi) 1,967,571 Common Shares issued to selling shareholders in connection with the closing of the second tranche (the “Second Tranche Closing”) of the September 2018 Private Placement;

(vii) 983,785 Common Shares issuable upon exercise of Common Share purchase warrants, exercisable at C$0.75 per Common Share, which were issued to selling shareholders in connection with the Second Tranche Closing and expired September 28, 2020 (collectively with the July 2017 Warrants and the First Tranche Warrants, the “Selling Shareholder Warrants”);

(viii) 260,483 Common Shares issuable upon exercise of Common Share purchase warrants, exercisable at C$0.73 per Common Share, which were issued to Lind Asset Management IV LLC (“Lind”) in connection with Lind’s funding of an additional $1.0 million under a convertible security (the “Initial Convertible Security”) issued to Lind pursuant to a convertible security funding agreement, dated December 14, 2015, between us and Lind, and expired August 15, 2020 (the “Initial Convertible Security Warrants”);

(ix) 1,035,319 Common Shares issuable upon exercise of Common Share purchase warrants, exercisable at C$0.77 per Common Share, which were issued to Lind in connection with the funding by Lind of $1.0 million under, and issuance by the Company of, a convertible security (the “Subsequent Convertible Security” and, together with the Initial Convertible Security, the “Convertible Securities”), pursuant to a convertible security funding agreement, dated June 27, 2018, between us and Lind, and expired July 9, 2021 (collectively with the Selling Shareholder Warrants, the Mackie Warrants and the Initial Convertible Security Warrants, the “Warrants”); and

(x) 3,435,941 Common Shares issuable upon conversion of $1.2 million aggregate principal amount of the Subsequent Convertible Security.

 

The Common Shares, the Warrants and the Convertible Securities were issued by the Company to such selling shareholders in private transactions.

The Company has no further obligation to maintain effectiveness of the Registration Statement. In accordance with an undertaking made by the Company in the Registration Statement to remove by means of a post-effective amendment any securities that remain unsold at the termination of the offering, this Post-Effective Amendment No. 1 is being filed to terminate the effectiveness of the Registration Statement and to remove from registration all securities registered but not sold under the Registration Statement. As a result of this deregistration, no securities remain registered for resale pursuant to the Registration Statement.

 

Signatures

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Post-Effective Amendment No. 1 to the Registration Statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Centennial, State of Colorado, on September 2, 2022.

 

  NIOCORP DEVELOPMENTS LTD.
   
     
  By:

/s/ Neal Shah

    Neal Shah
    Chief Financial Officer

 

Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 1 to the Registration Statement on Form S-3 has been signed by the following persons in the capacities and on the dates indicated.

 

*

  President, Chief Executive Officer (Principal   September 2, 2022
Mark A. Smith   Executive Officer and Authorized U.S. Representative)    
    and Executive Chairman of the Board of Directors    
         

/s/ Neal Shah

  Chief Financial Officer (Principal Financial and   September 2, 2022
Neal Shah   Accounting Officer)    
         

*

  Director   September 2, 2022
Michael Morris        
         

*

  Director   September 2, 2022
David C. Beling        
         

*

  Director   September 2, 2022
Anna Castner Wightman        
         

*

  Director   September 2, 2022
Nilsa Guerrero-Mahon        
         

/s/ Fernanda Fenga

  Director   September 2, 2022

Fernanda Fenga

 

       

/s/ Peter Oliver

  Director   September 2, 2022
Peter Oliver        
         
         
 
       
* The undersigned, by signing his name hereto, does sign and execute this Post-Effective Amendment No. 1 to the Registration Statement on Form S-3 pursuant to the Powers of Attorney executed by the above-named directors and officers of the registrant, which were filed on behalf of such directors and officers with the Registration Statement on Form S-3.
         
  By:

/s/ Neal Shah

    September 2, 2022
    Neal Shah      
    Attorney-in-Fact      
               

 

 

 

 

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