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2013-12-23 18:42 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche of a non-brokered private placement announced Sept. 23, 2013.
Number of shares: 4,837,000 shares
Purchase price: 15 U.S. cents per share
Number of placees: Six placees
Insiders: Mark Smith, 3.4 million; Peter Dickie, 350,000
www.stockwatch.com/News/...-2134808&symbol=NB®ion=C
NB – Rare earths god Mark Smith now owns 8.4% of Niocorp
POSTED ON DECEMBER 23, 2013 BY TOMMY HUMPHREYS
CEO of NIocorp
Denver, Colorado based mining executive Mark Smith
RANCHO MIRAGE, CALIFORNIA – Niocorp Developments Ltd., a Vancouver-based junior mining company which is developing the Elk Creek niobium deposit in Nebraska, announced that newly appointed CEO Mark Smith has invested another $510,000 US (3.4 million shares at $.15), bringing his total ownership in Niocorp to 8.4 million shares or 8.4% of the company, filings show.
Mr. Smith was appointed CEO of Niocorp in September. A lawyer and engineer by trade, Smith was a senior executive with Unocal for over 20 years, eventually becoming CEO of Chevron Mining. In 2008, a group of private equity and hedge fund investors purchased Molycorp from Chevron and recruited Smith to be CEO, investing $82.5 million at the time. By 2011, Molycorp’s market cap was $6 billion (MCP is now worth $1.15 billion). Smith brought Molycorp public in 2010 and helped to build its Mountain Pass rare-earths mine in California. He resigned in 2012 amid criticism he had lost investor confidence (Bloomberg).
While at Unocal, Smith was a shareholder representative of CBMM, the Brazilian entity which now controls 85% of the world’s niobium supply. Niobium is a steel lightening and strengthening alloy.
Niocorp is tiny in comparison to Smith’s previous endeavours, valued at just $15 million at press time (all figures approximate).
At a corporate presentation in Vancouver in November, we learned Niocorp’s go forward plan involves in-fill drilling at Elk Creek, further metallurgical studies and a Feasibility Study.
The Company is also pleased to announce that it has arranged a brokered private placement (the "Private Placement") of up to 66,666,666 common shares (the "Shares") at a price of USD$0.15 per Share to raise gross proceeds of up to USD$10,000,000. The proceeds will be used to conduct further exploration and development of its Elk Creek Carbonatite property and for general working capital.
web.tmxmoney.com/article.php?newsid=62826605&qm_symbol=NB
Seit dieser Zeit versuchen sie , 10 Mio. zusammen zu bekommen. Was soll denn an dieser Aussage nicht korrekt sein?
Es ist kein weiters Kapital mehr notwendig.
Sie brauche keine 10 Millionen, die 5,5 Millionen reichen.
Siehe Seite 19 im PDF:
www.niocorp.com/images/NioCorpPP.pdf
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