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NioCorp Developments Ltd extends term of Lind security
Thursday, March 23, 2017 16:17
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NioCorp Developments Ltd (CVE:NB) has extend the term of its convertible security with Lind by six months to June 17, 2018, it said.
The group has also agreed with CEO Mark Smith to extend the due dates of the company’s existing credit facility and loan with him Smith to June 16, 2018, and June 17, 2018, respectively.
In February this year, the mining firm said it asked Lind to increase the convertible security by $1mln.
NioCorp was entitled to demand the convertible security increase under the terms of the agreement which dates back to December 2015.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/175323/niocorp-developments-ltd-extends-term-of-lind-security-175323.html
