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NioBay Metals shares $10 million private placement plan
November 14, 2020 By Rock to Road
Montreal – NioBay Metals entered an agreement with Canaccord Genuity Corp. The net proceeds from the offering will be used for the development of NioBay’s James Bay Niobium Project as well as general corporate purposes.
In addition, the Agents have been granted an option to sell up to that number of an additional Units and FlowThrough Shares for additional gross proceeds of up to $1,500,000.
The offering is expected to close December 8, 2020, and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The Offering is being made by way of private placement in Canada. The securities issued under the Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Offering. The Offering is subject to final acceptance of the TSX Venture Exchange.
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