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NioCorp Developments Ltd. has closed the first tranche of its non-brokered private placement, issuing 3,860,800 units at C$0.70 per unit for gross proceeds of C$2,702,560. Each unit consists of one common share and one transferable warrant with a C$0.85 exercise price until February 14, 2020. The funding will support NioCorp's exploration and development activities.
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