Niocan announces that it has closed its previously announced conversion of $3.6 million of debt into equity. The Conversion will result in immediate interest cost savings and will place the Company in a much stronger financial position for the benefit of all shareholders. Pursuant to the terms of the agreement entered into between the Company and Nio-Metals Holdings, one of its principal shareholders, $3,573,521 in [...]
Niocan announces its intention to strengthen its balance sheet through a combination of converting into equity and deferring the maturity date of long-term debt owing to Nio-Metals Holdings, one of its principal shareholders. Pursuant to the terms of the agreement in principle entered into between the Company and Nio-Metals, approximately $3,573,521 in principal and accrued interest owing under the terms of a secured [...]
Niocan is pleased to announce its intention to change its name for Nio Strategic Metals. The change would have no impact on the trading symbol but confirms the Company’s intention to expend its activities to source strategic metals and minerals essential to advancing modern life and national security in beneficially environmental, social and ethical manner. “The new name will emphasise the Company’s commitment to its [...]
Niocan is pleased to announce the grant of incentive stock options under its stock option plan, to officers, directors and consultant of the Company, to purchase up to an aggregate of 3,550,000 common shares, representing 7.2% of the outstanding shares of the Company. The stock options are exercisable at a price of CA$0.15 per share expiring October 25, 2026. The options, granted in accordance with the provisions of the [...]
Niocan is pleased to announce that it has completed its previously announced private placement of units through Palos Wealth Management Inc. Pursuant to the Offering, Niocan has issued an aggregate of 25,915,000 Units at a price of C$0.10 per Unit for gross proceeds of C$2,591,500. Each Unit consists of one common share of the Company and one-half of one Common Share purchase warrant. Each Warrant is exercisable to [...]
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