Niocan Inc.
TSX VENTURE : NIO

Niocan Inc.

September 17, 2015 16:07 ET

Niocan Completes a $0.3 Million Private Placement

MONTREAL, QUEBEC--(Marketwired - Sept. 17, 2015) - Niocan Inc. ("Niocan" or the "Company") (TSX VENTURE:NIO) announces that it has completed a private placement with Nio-Metals Holdings LLC and Benevest (the "subscribers") pursuant to which the subscribers have subscribed for 3,000,000 units comprising of one common share of the Company and one warrant to purchase one common share of the Company representing aggregate gross proceeds to the Company of $300,000 (the "Private Placement"). Each Warrant will entitle its holder to purchase one common Share at a price of $0.15 at any time until the five year anniversary of the date of their issuance.

Niocan intends to use the proceeds of the Private Placement to continue to fund its exploration and development activities and for general working capital purposes.

FORWARD LOOKING STATEMENTS

Certain statements contained in this press release are forward-looking and are subject to numerous risks and uncertainties, known and unknown. For information identifying known risks and uncertainties, relating to the issuance by the Ministry of Environment of the Certificate of Authorization to build the mine in Oka, financial resources, market prices, exchange rates, politico-social conflicts, competition, regulatory approvals, the purchase of the old St-Lawrence Columbium mine site from the Municipality of Oka should the Certificate of Authorization be issued, and other important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk and Uncertainties Section of the Corporation's most recent Management's Discussion and Analysis, which may be found at www.sedar.com. Consequently, actual results may differ materially from the anticipated results expressed in these forward-looking statements.

Contact Information

  • Hubert Marleau
    Chairman, President and Chief Executive Officer
    514-288-8506
    514-843-4809 (FAX)
    info@niocan.com