Peter Robert Oliver - Aug 11, 2023 Form 5 Insider Report for NIOCORP DEVELOPMENTS LTD (NB)

Role: Director
Signature: /s/ Neal S. Shah, as attorney-in-fact
Stock symbol: NB
Transactions as of: Aug 11, 2023
Transactions value $: $0
Form type: 5
Date filed: 8/11/2023, 05:43 PM
Previous filing: Mar 28, 2023
Next filing: Feb 15, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	NB	Director Stock Option (right to buy)						50K	Aug 11, 2023	Common Shares	50K	$8.20	Direct	F1, F2
holding	NB	Director Stock Option (right to buy)						40K	Aug 11, 2023	Common Shares	40K	$6.95	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 17, 2023, the Issuer effected a 1-for-10 reverse stock split (the "Reverse Stock Split") of its common shares, without par value ("Common Shares"), with any fractional shares resulting from the Reverse Stock Split rounded down to the nearest whole share. This option has been adjusted to reflect the Reverse Stock Split (in prior reports, this option was previously reported as covering a number of shares equal to this reported amount times 10 (and at an exercise price equal to this reported exercise price divided by 10)).
F2	Option exercise price was converted from Canadian exercise price of C$11.00 using an exchange rate of C$1.3409=US$1.00 as reported by the Bank of Canada on August 10, 2023.

Content

On March 17, 2023, the Issuer effected a 1-for-10 reverse stock split (the "Reverse Stock Split") of its common shares, without par value ("Common Shares"), with any fractional shares resulting from the Reverse Stock Split rounded down to the nearest whole share. This option has been adjusted to reflect the Reverse Stock Split (in prior reports, this option was previously reported as covering a number of shares equal to this reported amount times 10 (and at an exercise price equal to this reported exercise price divided by 10)).

Option exercise price was converted from Canadian exercise price of C$11.00 using an exchange rate of C$1.3409=US$1.00 as reported by the Bank of Canada on August 10, 2023.