| Home : June 2011 : June 24, 2011 News : Niocan Announces Response to Financing Proposal From Augyva Mining Resources Inc. |
Niocan Announces Response to Financing Proposal From Augyva Mining Resources Inc. |
June 24, 2011
TORONTO, ONTARIO--(Marketwire - June 23, 2011) - Niocan Inc. ("Niocan" or the "Company")(TSX:NIO) acknowledged today that the Company has received a financing proposal (the "Proposal") from Augyva Mining Resources Inc. ("Augyva") whereby Augyva proposes to subscribe for 3,478,260 units (the "Units") of Niocan at a price of $1.15 per Unit, with each Unit consisting of one common share and one-half of one (½) common share purchase warrant of the Company. The Proposal is conditioned on Augyva representatives being granted three out of the Company's four Board seats.
http://www.marketwire.com/mw/release.do?id=1530952&sourceType=3
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