NIOCORP DEVELOPMENTS LTD — Director's Dealing 2016

Nov 2, 2016

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NIOCORP DEVELOPMENTS LTD (NIOBF)
CIK: 0001512228
Period of Report: 2016-10-28

Reporting Person: CECIL JOE D (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$0.6871	2017-12-21	Common Shares (500000)		Direct
Employee Stock Option (Right to Buy)	$0.4353	2021-01-20	Common Shares (300000)		Direct

Footnotes

F1: The exercise price reported above was converted from the Canadian exercise price of $0.80 using an exchange rate of Cdn$1.1643=US$1.00.

F2: The options vest as follows: 50% on 7/21/16; 25% on 1/21/17; and the remaining balance on 7/21/17.

F3: The exercise price reported above was converted from the Canadian exercise price of $0.62 using an exchange rate of Cdn$1.4243=US$1.00.