CENTENNIAL, Colo., March 11, 2021 /PRNewswire/ -- NioCorp
Developments Ltd. ("NioCorp" or the
"Company") (TSX:NB) (OTCQX:NIOBF) announces a
number of its directors and officers have exercised soon-to-expire
share purchase options this week to acquire common shares of the
Company at an exercise price of C$0.62. These directors and officers
exercised options to acquire shares through "net settlement," and
no shares were sold into the market by any director or officer in
connection with the option exercises on March 10. Under a net settlement exercise of
options, the Company cancels a requisite number of options
previously granted to the director or officer in order to cover the
cost of issuing the remainder of the shares to the director or
officer. The table below summarizes the option exercises and net
shares received by each of the directors and officers in connection
with these transactions:
|
NioCorp
Director/Officer
|
C$0.62 Share
Options
Exercised
|
Options Cancelled
Through Net Settlement
Exercise
|
Net Shares
Received
|
Total Holdings
After Options
Exercise
|
|
Mark A Smith, CEO and
Board Chair
|
750,000
|
397,436
|
352,564
|
19,352,564
|
|
Michael Morris, Lead
Director
|
300,000
|
158,975
|
141,025
|
196,275
|
|
David Beling,
Director
|
300,000
|
158,975
|
141,025
|
491,025
|
|
John A. Ashburn,
General Counsel
|
350,000
|
185,471
|
164,529
|
926,755
|
|
Scott Honan,
COO
|
500,000
|
264,958
|
235,042
|
365,042
|
|
Neal Shah,
CFO
|
245,060
|
129,890
|
115,170
|
319,670
|
|
Jim Sims, VP External
Affairs
|
475,000
|
251,710
|
223,290
|
390,826
|
All securities transactions by NioCorp insiders are publicly
reported in Canada on
sedi.ca and in the U.S. at
https://www.sec.gov/edgar/search-and-access.
@NioCorp $NB $NIOBF #Niobium #Scandium #ElkCreek
For More Information
Contact Jim Sims, VP of External Affairs, NioCorp
Developments Ltd., 720-639-4650, jim.sims@niocorp.com
About NioCorp
NioCorp is developing a superalloy materials project in
Southeast Nebraska that will
produce Niobium, Scandium, and Titanium. Niobium is used to produce
superalloys as well as High Strength, Low Alloy ("HSLA") steel,
which is a lighter, stronger steel used in automotive, structural,
and pipeline applications. Scandium is a superalloy material
that can be combined with Aluminum to make alloys with increased
strength and improved corrosion resistance. Scandium also is
a critical component of advanced solid oxide fuel cells.
Titanium is used in various superalloys and is a key component of
pigments used in paper, paint and plastics and is also used for
aerospace applications, armor and medical implants.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/niocorp-directors-and-officers-move-to-acquire-common-shares-of-the-company-through-option-exercises-301246081.html
SOURCE NioCorp Developments Ltd.
