Prediction. Lind funds the next capital raise.Since the prospectus was filed Lind has finally been able to convert at 15% below mkt. It looks to me that NB is getting about 30,000 to 40,000 shares of Lind selling daily for the past few months. So there is a ton of selling to come still. However, since their program is working I think they could be approached to bump up the deal. Convert at 15% below any market price. Who else
A little more detail from the EDGAR site:
Item 3.02 Unregistered Sales of Equity Securities
On October 7, 2016, NioCorp Developments Ltd. (the “Company”) issued 531,908 common shares of the Company to Lind Asset Management IV, LLC upon conversion of US$275,000 in principal amount of the Company’s outstanding convertible note issued in December of 2015 at a conversion price of C$0.6834 per share. The common share were issued pursuant to Section 3(a)(9) of the United States Securities Act of 1933, as amended (the “Securities Act”), in connection with the voluntary conversion of convertible note and based upon representations and warranties of Lind Asset Management IV, LLC in connection therewith.
On November 9, 2016, the Company issued 606,359 common shares of the Company to Lind Asset Management IV, LLC upon conversion of US$275,000 in principal amount of the Company’s outstanding convertible note issued in December of 2015 at a conversion price of C$0.60792 per share. The common share were issued pursuant to Section 3(a)(9) of the Securities Act, in connection with the voluntary conversion of convertible note and based upon representations and warranties of Lind Asset Management IV, LLC in connection therewith.