Boron One Announces Early Warrant Exercise Incentive Program
Boron One Holdings (TSXV:BONE) has announced a warrant exercise incentive program to encourage the exercise of 9,691,000 unlisted common share purchase warrants. The program includes reducing the exercise price from $0.07 to $0.05 per Common Share during the Early Exercise Period.
Key features of the program include:
- Warrant holders who exercise during the Early Exercise Period will receive one new Incentive Warrant
- Incentive Warrants are exercisable at $0.05 for the first year, and $0.07 for the second and third year
- The Company expects to receive gross proceeds of up to $484,550
- Up to 9,691,000 Common Shares and 9,691,000 Incentive Warrants may be issued
Insider participation is to 10% of total Eligible Warrants (969,100). The Early Exercise Period will run for 2 weeks following Exchange approval.
Boron One Holdings (TSXV:BONE) ha annunciato un programma di incentivazione per l'esercizio delle warrant al fine di incoraggiare l'esercizio di 9.691.000 warrant per l'acquisto di azioni ordinarie non quotate. Il programma prevede una riduzione del prezzo di esercizio da $0,07 a $0,05 per ogni azione ordinaria durante il Periodo di Esercizio Anticipato.
Le caratteristiche principali del programma includono:
- I detentori di warrant che esercitano durante il Periodo di Esercizio Anticipato riceveranno un nuovo Warrant Incentivo
- I Warrant Incentivo sono esercitabili a $0,05 per il primo anno e a $0,07 per il secondo e terzo anno
- La Società si aspetta di ricevere proventi lordi fino a $484.550
- Possono essere emessi fino a 9.691.000 Azioni Ordinarie e 9.691.000 Warrant Incentivo
La partecipazione interna è limitata al 10% del totale delle Warrant Idonee (969.100). Il Periodo di Esercizio Anticipato durerà per 2 settimane dopo l'approvazione della Borsa.
Boron One Holdings (TSXV:BONE) ha anunciado un programa de incentivos para el ejercicio de warrants con el fin de fomentar el ejercicio de 9,691,000 warrants de compra de acciones ordinarias no cotizadas. El programa incluye una reducción del precio de ejercicio de $0.07 a $0.05 por acción ordinaria durante el Período de Ejercicio Anticipado.
Las características clave del programa incluyen:
- Los tenedores de warrants que ejercen durante el Período de Ejercicio Anticipado recibirán un nuevo Warrant de Incentivo
- Los Warrants de Incentivo son ejercitables a $0.05 durante el primer año, y a $0.07 durante el segundo y tercer año
- La Compañía espera recibir ingresos brutos de hasta $484,550
- Se pueden emitir hasta 9,691,000 Acciones Ordinarias y 9,691,000 Warrants de Incentivo
La participación interna es del 10% del total de Warrants Elegibles (969,100). El Período de Ejercicio Anticipado se llevará a cabo durante 2 semanas tras la aprobación de la Bolsa.
보론 원 홀딩스 (TSXV:BONE)는 비상장 보통주 매입 워런트 9,691,000개의 행사를 장려하기 위한 워런트 행사 인센티브 프로그램을 발표했습니다. 이 프로그램은 조기 행사 기간 동안 보통주당 행사 가격을 $0.07에서 $0.05로 인하하는 내용을 포함합니다.
프로그램의 주요 특징은 다음과 같습니다:
- 조기 행사 기간 동안 행사를 하는 워런트 보유자는 새로운 인센티브 워런트를 받게 됩니다
- 인센티브 워런트는 첫 해에 $0.05, 두 번째 및 세 번째 해에 $0.07로 행사할 수 있습니다
- 회사는 최대 $484,550의 총 수익을 예상하고 있습니다
- 최대 9,691,000개의 보통주와 9,691,000개의 인센티브 워런트가 발행될 수 있습니다
내부 참여는 전체 적격 워런트의 10% (969,100개)로 제한됩니다. 조기 행사 기간은 거래소 승인 후 2주 동안 진행됩니다.
Boron One Holdings (TSXV:BONE) a annoncé un programme d'incitation à l'exercice des warrants afin d'encourager l'exercice de 9.691.000 warrants d'achat d'actions ordinaires non cotées. Le programme inclut une réduction du prix d'exercice de 0,07 $ à 0,05 $ par action ordinaire pendant la période d'exercice anticipé.
Les caractéristiques clés du programme comprennent:
- Les détenteurs de warrants qui exercent pendant la période d'exercice anticipé recevront un nouveau warrant incitatif
- Les warrants incitatifs peuvent être exercés à 0,05 $ pour la première année et à 0,07 $ pour la deuxième et la troisième année
- La société s'attend à recevoir des produits bruts allant jusqu'à 484 550 $
- Jusqu'à 9.691.000 actions ordinaires et 9.691.000 warrants incitatifs peuvent être émises
La participation des initiés est limitée à 10 % du total des warrants éligibles (969.100). La période d'exercice anticipé durera 2 semaines après l'approbation de la Bourse.
Boron One Holdings (TSXV:BONE) hat ein Anreizprogramm für die Ausübung von Warrants angekündigt, um die Ausübung von 9.691.000 nicht gelisteten Kaufwarrants auf Stammaktien zu fördern. Das Programm umfasst eine Senkung des Ausübungspreises von $0,07 auf $0,05 pro Stammaktie während der Frühübung.
Die wichtigsten Merkmale des Programms sind:
- Warrant-Inhaber, die während der Frühübung ausüben, erhalten einen neuen Anreizwarrant
- Anreizwarrants sind im ersten Jahr zu $0,05 und im zweiten und dritten Jahr zu $0,07 ausübbar
- Das Unternehmen erwartet, Bruttoerlöse von bis zu $484.550 zu erzielen
- Es können bis zu 9.691.000 Stammaktien und 9.691.000 Anreizwarrants ausgegeben werden
Die Insider-Beteiligung beträgt 10% der insgesamt berechtigten Warrants (969.100). Der Zeitraum für die Frühübung dauert 2 Wochen nach Genehmigung durch die Börse.
- Potential to raise $484,550 in immediate working capital
- Attractive warrant repricing from $0.07 to $0.05 to encourage exercise
- Additional Incentive Warrants offered as exercise motivation
- Potential dilution from issuance of up to 9,691,000 new shares
- Further dilution possible from 9,691,000 additional Incentive Warrants
- Program requires Exchange approval to proceed
VICTORIA, BC / ACCESS Newswire / April 7, 2025 / Boron One Holdings Inc. ("Boron One" or the "Company") (TSXV:BONE), is pleased to announce the implementation of a warrant exercise incentive program (the "Program") intended to encourage the exercise of up to 9,691,000 unlisted common share purchase warrants of the Company (the "Eligible Warrants") which were issued as part of the Company's private placements which closed on June 7, 2024, September 10, 2024 and September 25, 2024, respectively. Each Eligible Warrant is exercisable for one common share of the Company (each a "Common Share") at a price of
To the extent that holders of Eligible Warrants ("Warrant Holders") take advantage of the opportunity to exercise their Eligible Warrants early, this will fund working capital purposes. Eligible Warrants that remain unexercised following the completion of the Early Exercise Period (defined below) will continue to be exercisable for Common Shares on the original terms as they existed prior to the Program.
The Program and Warrant Repricing are subject to approval from the Exchange and the receipt of all final regulatory approvals, including final approval of the Exchange. Insiders presently hold 900,000 Eligible Warrants. The number of Eligible Warrants to be exercised by insiders of the Company is limited to no more than
Summary Information about Warrant Incentive Program
Pursuant to the Program, the Company is offering an inducement to each Warrant Holder that exercises Eligible Warrants during an early exercise period (the "Early Exercise Period") consisting of one new warrant (the "Incentive Warrant") in addition to the Common Share subscribed for. Each Incentive Warrant is exercisable at
The Early Exercise Period will commence two weeks after receipt of Exchange conditional approval and run for 2 weeks. A follow up press release will be issued. The Incentive Warrants and any Common Shares issuable on the exercise thereof will be subject to a four-month hold period from the date of issuance of the Incentive Warrants pursuant to applicable Canadian securities laws.
Depending upon the number of Eligible Warrants exercised during the Early Exercise Period, the Company expects to:
receive gross proceeds of up to
$484,550.00 issue up to 9,691,000 Common Shares pursuant to the exercise of Eligible Warrants in accordance with the terms of the Eligible Warrants; and
issue up to 9,691,000 Incentive Warrants to Warrant Holders pursuant to the exercise of the Eligible Warrants on or before the Early Exercise Expiry Date.
The terms and conditions of the Program and Warrant Repricing, and the method of exercising Eligible Warrants pursuant to the Program, are set forth in a letter which is being delivered to the last known contact of each Warrant Holder. Warrant Holders who wish to participate in the Program will agree to exercise their Eligible Warrants and deliver the other necessary documents in consideration of the issuance by the Company of the Incentive Warrants.
Procedure for the Exercise of Warrants
Upon commencement of the Early Exercise Period, registered Warrant Holders may exercise their rights to acquire the Common Shares and Incentive Warrants.
All Eligible Warrants must be processed through the Company at the offices of the Company located at 203, 645 Fort Street, Victoria, British Columbia V8W 1G2.
To exercise Eligible Warrants during the Early Exercise Period, a Warrant Holder must:
1. Surrender the original Warrant Certificate(s) representing the Eligible Warrants to the Company by hand or courier at the address noted above. The Warrant Certificate(s) representing the Eligible Warrants must be submitted together with:
(a) a duly completed and executed Subscription Form as attached to the Eligible Warrant Certificate, specifying the number of Eligible Warrants that the Warrant Holder intends to exercise; and
(b) a certified cheque, bank draft or money order in Canadian dollars, payable to or to the order of "Boron One Holdings Inc." in an amount equal to
All Eligible Warrant Certificates surrendered for full exercise will be cancelled by the Company and will be of no further force or effect.
All Eligible Warrant Certificates surrendered together with a duly completed and executed Subscription Form, and payment of the applicable exercise price for the number of Eligible Warrants exercised will be deemed to be surrendered only upon personal delivery thereof to, or, if sent by mail or other means of transmission, upon actual receipt thereof by the Company. Any use of the mail to transmit Eligible Warrant Certificates is at the risk of the Warrant Holder. If such documents are to be mailed, it is recommended that registered mail, properly insured, be used with acknowledgement of receipt requested.
Fractional Shares
The Company will not be obligated to issue any fractional Common Shares, fractional Incentive Warrants or any cash or other consideration in lieu thereof upon the exchange of one or more Eligible Warrants. If any fraction of a Common Share or Incentive Warrant would otherwise be issuable, the number of such securities so issued will be rounded down to the nearest whole number without compensation thereof.
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, B.C., Canada, Boron One's shares are traded on the Exchange under the symbol "BONE". For detailed information please see Boron One's website at www.boronone.com or the Company's filed documents at www.sedarplus.ca
Boron's Public Quotations:
Canada
TSX Venture:BONE
Berlin:EKV
US: SEC 12G3-2(B) #82-4432ERVFF
OTC PINK: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 on ACCESS Newswire