NIOCORP DEVELOPMENTS LTD — Regulatory Filings 2019

Apr 5, 2019

POS AM 1 s116514_posam.htm POS AM

As filed with the Securities and Exchange Commission on April 5, 2019

File No. 333-220648

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

POST-EFFECTIVE AMENDMENT NO. 1

TO

FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

NioCorp Developments Ltd.

(Exact name of registrant as specified in its charter)

British Columbia, Canada (State or other jurisdiction of incorporation or organization ) 1000 (Primary Standard Industrial Classification Code Number) 98-1262185 (I.R.S. Employer Identification Number)

7000 South Yosemite Street Suite 115 Centennial, Colorado 80112 (720) 639-4647

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

CT Corporation System 111 Eighth Avenue 13 th Floor New York, New York 10011 (800) 624-0909

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Copies to:

Christopher M. Kelly, Esq.

Andrew C. Thomas, Esq. Jones Day North Point 901 Lakeside Avenue Cleveland, Ohio 44114 (216) 586-3939

Approximate date of commencement of proposed sale to the public: N/A.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box: ☐

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

| Large
accelerated filer ☐ |
| --- |
| Emerging Growth
Company ☒ |

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 7(a)(2)(B) of the Securities Act. ☒

The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

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EXPLANATORY NOTE

TERMINATION OF REGISTRATION STATEMENT AND DEREGISTRATION OF SECURITIES

On September 27, 2017, NioCorp Developments Ltd., a British Columbia corporation (the “Company”), filed a registration statement on Form S-1, Registration No. 333-220648 (as amended from time to time, the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”). The Registration Statement was declared effective on October 20, 2017.

The Registration Statement registered for resale by certain selling shareholders up to (i) 2,962,500 common shares, without par value, of the Company (“Common Shares”), (ii) 2,962,500 Common Share purchase warrants, exercisable at C$0.79 per Common Share (the “Selling Shareholder Warrants”), (iii) 2,962,500 Common Shares issuable upon exercise of the Selling Shareholder Warrants, (iv) 192,562 Common Share purchase warrants, exercisable at C$0.79 per Common Share (the “Compensation Warrants” and, together with the Selling Shareholder Warrants, the “Warrants”), (v) 192,562 Common Shares issuable upon exercise of the Compensation Warrants, and (vi) 260,483 Common Shares issuable upon exercise of Common Share purchase warrants, exercisable at C$0.73 per Common Share. The Common Shares and the Warrants were issued by the Company to such selling shareholders in private transactions.

The Company has no further obligation to maintain effectiveness of the Registration Statement. In accordance with an undertaking made by the Company in the Registration Statement to remove by means of a post-effective amendment any securities that remain unsold at the termination of the offering, this Post-Effective Amendment No. 1 is being filed to terminate the effectiveness of the Registration Statement and to remove from registration all securities registered but not sold under the Registration Statement. As a result of this deregistration, no securities remain registered for resale pursuant to the Registration Statement.

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Signatures

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Post-Effective Amendment on Form S-1 to the Registration Statement on Form S-1 to be signed on its behalf by the undersigned, thereunto duly authorized, in Denver, Colorado, on April 5, 2019.

NIOCORP DEVELOPMENTS LTD.
By:	/s/ Neal Shah
	Neal Shah
	Chief Financial Officer

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

| * | President, Chief Executive Officer (Principal Executive Officer and Authorized U.S. Representative) and Chairman of the Board of Directors | April
5, 2019 |
| --- | --- | --- |
| Mark A. Smith | | |
| /s/ Neal Shah | Chief Financial Officer (Principal Financial and Accounting Officer) | April 5,
2019 |
| Neal Shah | | |
| * | Director | April 5,
2019 |
| Joseph A. Carrabba | | |
| * | Director | April 5,
2019 |
| Michael Morris | | |
| * | Director | April 5,
2019 |
| David C. Beling | | |
| * | Director | April 5,
2019 |
| Anna Castner Wightman | | |
| * | Director | April 5,
2019 |
| Nilsa Guerrero-Mahon | | |

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• The undersigned, by signing his name hereto, does sign and execute this post-effective amendment on Form S-1 to the registration statement on Form S-1 pursuant to the Powers of Attorney executed by the above-named directors and officers of the registrant, which were filed on behalf of such directors and officers with the registration statement on Form S-1.

By:
Neal Shah
Attorney-in-Fact

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