Niocan Completes the Conversion of its Debentures

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Posted on février 28, 2013

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Niocan Completes the Conversion of its Debentures

Montreal, Quebec, February 28, 2013. Niocan Inc. (“Niocan”) (TSX-NIO) announced today that it has completed the previously announced conversion of the Secured Debentures Series 2011-I dated August 29, 2011 as amended on August 29, 2012 (the “Debentures”). The Debentures, which bore the principal amount of $3,005,000, have been converted into 2,176,035 common shares in the capital of Niocan.

About Niocan
Niocan’s mission is to become a ferroniobium producer as soon as possible, following the issuance of a Certificate of Authorization from the Ministry of Sustainable Development, Environment and Parks for its Oka niobium property. Mining assets include mining rights in two (2) properties: 49 claims covering 1604 acres as well as surface rights on 231 acres at Oka, Quebec; and 460 claims covering 56,166 acres (22,741 hectares) at the Hudson Bay Great Whale Iron Property in Northern Quebec.

For more information, please contact:
Hubert Marleau
Chairman, President and Chief Executive Officer
514-288-8506
514-843-4809 (fax)
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Read 3257 times Last modified on mercredi, 24 juillet 2013 11:51
Published in 2013