NIOCORP DEVELOPMENTS LTD — Director's Dealing 2016

Nov 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIOCORP DEVELOPMENTS LTD (NIOBF)
CIK: 0001512228
Period of Report: 2016-10-31

Reporting Person: Smith Mark A. (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-31	Common Shares	X	720730	$0.4850	Acquired	18770445	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-10-31	Warrants	$0.4850	X	720730	Disposed	2016-11-10	Common Shares (720730)	Direct
2016-11-04	Warrants	$0.4846	S	500000	Disposed	2016-11-10	Common Shares (500000)	Direct

Footnotes

F1: The warrants were initially purchased as part of a unit offering on 11/10/14. The warrants are governed by a Warrant Indenture dated November 10, 2014 as supplemented by a Supplemental Warrant Indenture on 5/17/16. The exercise price reported above was converted from the Canadian exercise price of $0.65 using an exchange rate of Cdn$1.13403=US$1.00 on 10/31/2016.

F2: The exercise price reported above was converted from the Canadian exercise price of $0.65 using an exchange rate of Cdn$1.3412=US$1.00 on 11/4/2016.