Niobay Metals Inc. , is pleased to announce the closing of its previously announced "best efforts" private placement for aggregate gross proceeds of C$8,497,990.20, which includes the exercise of the agent's option. The Brokered Offering is comprised of the sale of 12,277,430 units of the Corporation at a price of C$0.14 per Unit , 28,306,250 flow-through units of the Corporation at a price of C$0.16 per FT Unit, and 10,715,000 flow-through units of the Corporation sold to charitable purchasers at a price of C$0.21 per Charity FT Unit. Red Cloud Securities Inc. acted as sole agent and bookrunner in connection with the Brokered Offering. Concurrent to the Brokered Offering, the Company has closed a non-brokered private placement of 2,296,250 FT Units at a price of C$0.16 per F...