Boron One Announces Successful Closing of Early Warrant Exercise Incentive Program
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VICTORIA, BC / ACCESSWIRE / March 11, 2024 / Boron One Holdings Inc. ("Boron One" or the "Company") (TSXV:BONE), is pleased to announce the closing of its previously announced (February 7, 2024 and February 15, 2024) warrant exercise incentive program (the "Program"). The Program was designed to encourage the exercise of up to 12,201,837 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 March 25, 2019 (Tranche One") and May 25, 2023 ("Tranche 2"). The Tranche 1 warrants issued on March 25, 2019 had an exercise price of
Eligible Warrants that remain unexercised continue to be exercisable for Common Shares on the original terms as they existed prior to the Program.
Pursuant to the Program, the holders exercised 3,933,363 Eligible Warrants for proceeds of
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.
The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider participation.
The Program is subject to approval from the TSX Venture Exchange (the "Exchange") and is subject to the receipt of all final regulatory approvals, including final approval of the Exchange. The number of Eligible Warrants exercised by insiders of the Company was 0.94 % 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, B.C., Canada, Boron One's shares are traded 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 filed documents at www.sedarplus.ca
For further information, please contact:
Boron's Public Quotations:
Boron One Holdings Inc. | Canada |
Blake Fallis, General Manager | TSX Venture: BONE |
Phone: 1-250- 384-1999 or 1-888-289-3746 | Berlin: EKV |
US: SEC 12G3-2(B) #82-4432ERVFF | |
OTCBB: 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.
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FAQ
What was the purpose of Boron One Holdings Inc.'s warrant exercise incentive program?
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