NioCorp Developments Ltd. (TSXV:NB), which is advancing the Elk Creek niobium project in Nebraska, has raised $3.77 million by selling $0.20 shares in two tranches, the company announced today. Niocorp has now raised over $5.5 million since late 2013.
CEO Mark Smith continued his strong financial support for the company, purchasing $576,496.60 worth of shares, and increasing his overall stake to 9.46% (We interviewed Mr. Smith in January – link here). CFO Casey Forward and President Peter Dickie also participated in the private placement financing, subscribing for $60,000 and $50,000, respectively.
NioCorp will publish another news release in the coming days detailing the company’s planned work programs.
Here is a link to the news release: NioCorp Closes Private Placement
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