Niocan Advances the Date of Conversion of its Debentures

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Posted on janvier 10, 2013

Niocan Advances the Date of Conversion of its Debentures

For immediate release

Montreal, Quebec, January 10, 2013. Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO) announced today that it has decided to advance the date of conversion of the Secured Debentures Series 2011-I dated August 29, 2011 as amended on August 29, 2012 (the “Debentures”) from the previously-announced date of March 31, 2013 to February 28, 2013. The Debentures will be converted into common shares in the capital of Niocan, subject to the terms of the Debentures and any applicable regulatory or stock exchange approval. The Debentures bear a principal amount of $3,005,000.

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 3206 times Last modified on jeudi, 25 juillet 2013 22:33
Published in 2013