Boron One Announces Successful Closing of Warrant Early Exercise Incentive Program

VICTORIA, British Columbia / ACCESSWIRE / June 25, 2024 / Boron One Holdings Inc. (“Boron One” or the “Company”) (TSXV:BONE), is pleased to announce the closing of its previously announced warrant exercise incentive program (May 6, 2024 and May 28, 2024) (the “Program”). The Program was intended to encourage the exercise of up to 10,626,000 unlisted common share purchase warrants of the Company (the “Eligible Warrants”) which were issued in connection with the Company’s private placement closed on January 25, 2023. Each eligible warrant was exercisable for one common share of the Company (each a “Common Share”) at a price of $0.05 per Common Share.

Under the program, holders exercised 5,366,000 eligible warrants for proceeds of $268,300 which will be used for general working capital. Participating Holders received 5,366,000 additional common share purchase warrants (an “Incentive Warrant”). Each Incentive Warrant entitles the holder to purchase one additional common share until 5:00 p.m. (Vancouver time) on December 19, 2026. Each Incentive Warrant is exercisable at a price of $0.07, subject to the right of the Company to expire early upon 30 days’ notice if the Company’s shares trade on the TSX Venture Exchange at $0.15 or more for a period of 10 days.

The incentive warrants and the common shares issuable upon exercise are subject to a hold period of four months from the date of issuance of the incentive warrants in accordance with applicable Canadian securities laws.

The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of Regulation 61-101 contained in sections 5.5(a) and 5.7(a) of Regulation 61-101 with respect to this insider participation.

The Program is subject to approval by the TSX Venture Exchange (the “Exchange”). The number of eligible warrants exercised by Company insiders represented 1.78% of the total eligible warrants.

On behalf of the board of directors,

Tim Daniels, President

About Boron One Holdings Inc.
Boron One Holdings Inc. is an international mineral exploration and development company with boron assets in Serbia. Headquartered in Victoria, British Columbia, Canada, Boron One’s shares trade on the TSX Venture Exchange under the symbol “BONE”. For detailed information, please see Boron One’s website at www.boronone.com or the company’s filings at www.sedarplus.ca.

For more information, please contact:
Boron One Holdings Inc..
Blake Fallis, general manager
Telephone: 1-250-384-1999 or 1-888-289-3746
[email protected]
www.boronone.com

Public quotes from Boron:
Canada
TSX Venture Exchange: OS
Berlin: EKV
United States: SEC 12G3-2(B) #82-4432ERVFF
PINK OTC:ERVFF

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Boron One Holdings Inc.

View the original press release at accesswire.com