Niocorp Announces Finalized Financing Agreements With Yorkville Advisors Global, Lp
Round Type
Debt Financing
CentennialOtherMiningInvestors
Description
NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) today announced that it has entered into definitive agreements with respect to two previously announced financings with YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, LP (together with YA II PN, Ltd., "Yorkville"). The financings contemplated by the definitive agreements include (i) up to US$16,000,000 aggregate principal amount of unsecured convertible debentures of NioCorp (the "Convertible Debentures") convertible into common shares of NioCorp (the "Common Shares") and Common Share purchase warrants (the "Financing Warrants") entitling the holders thereof to purchase additional Common Shares (the "Yorkville Convertible Debt Financing"); and (ii) a standby equity purchase facility pursuant to which NioCorp will have the right, but not the obligation, subject to the conditions set out therein, to sell Common Shares to Yorkville with a maximum aggregate value of up to US$65,000,000 over a period of up to 36 months (the "Yorkville Equity Facility Financing" and, together with the Yorkville Convertible Debt Financing, the "Yorkville Financings").
Quick answer
Niocorp Developments Ltd raised an undisclosed amount in a Debt Financing round, dated January 27, 2023. Investors: Yorkville Equity Facility Financing Agreement, Yorkville Equity Facility Financing, Big Red Merger Sub Ltd, Gxii, Nio Corp, Yorkville, Yorkville Advisors Global, LP and Ya II Pn, Ltd. Niocorp Developments Ltd is based in Centennial, Colorado, United States.
- How much did Niocorp Developments Ltd raise?
- Niocorp Developments Ltd raised an undisclosed amount in a Debt Financing round on January 27, 2023.
- Who invested in Niocorp Developments Ltd?
- Yorkville Equity Facility Financing Agreement, Yorkville Equity Facility Financing, Big Red Merger Sub Ltd, Gxii, Nio Corp, Yorkville, Yorkville Advisors Global, LP and Ya II Pn, Ltd. are named as investors in this round.
- What does Niocorp Developments Ltd do?
- NioCorp (TSX:NB - OTCQX:NIOBF - FSE:BR3) is developing North America's highest grade, large tonnage, undeveloped Niobium project, located in Elk Creek, Nebraska.
- Where is Niocorp Developments Ltd based and how big is it?
- Niocorp Developments Ltd is based in Centennial, Colorado, United States.
- Who are the decision-makers at Niocorp Developments Ltd?
- Fundz holds 1 contact at Niocorp Developments Ltd, including the Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Mining around the same time
Companies in the same sectors as Niocorp Developments Ltd that raised within 45 days of this round, from Fundz verified event records.
- Silver Viper Minerals raised $37K (Pre-Seed) on March 13, 2023.
- Kingsmen Resources raised $318K (Seed) on March 9, 2023.
- Omineca Mining & Metals Ltd raised $2M (Seed) on March 8, 2023.
- Geomega raised $3M (Seed) on March 7, 2023.
- United Lithium raised $103K (Pre-Seed) on March 6, 2023.
- Trailbreaker Resources raised an undisclosed amount (Funding Round) on March 2, 2023.
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