On May 24, 2023, the Ontario Securities Commission issued to NioCorp a Management Cease Trade Order (“MCTO“) because of the Company’s failure to file its interim financial statements, management discussion and analysis, and accompanying certifications for the 3- and 9-month periods ended March 31, 2023. The order will be revoked within two full business days following receipt by the Commission of all filings by Niocorp.
The Company’s existing Insider Trading Policy prohibits any and all trading by Company employees until at least three business days following the filing of all quarterly financial statements with securities regulators in both the U.S. and Canada.
The MCTO can be seen here.