Boron One Announces Update to Early Warrant Exercise Incentive Program
Boron One Holdings (TSXV:BONE) has announced updates to its warrant exercise incentive program and warrant repricing initiative. The company will amend the exercise price of 11,576,000 unlisted common share purchase warrants from $0.12 to $0.06 per Warrant Share. During the Early Exercise Period (December 10-24, 2024), warrant holders who exercise their warrants will receive an additional Incentive Warrant, allowing them to purchase one Common Share at $0.06 for 2 years.
The program affects warrants issued during the company's private placement that closed in two tranches (September 27 and November 7, 2023). Insider participation is to 10% of total Eligible Warrants. The proceeds will be used for general and working capital purposes. The program requires TSX Venture Exchange approval.
Boron One Holdings (TSXV:BONE) ha annunciato aggiornamenti al suo programma di incentivo per l'esercizio delle warrant e all'iniziativa di riprogrammazione delle warrant. L'azienda modificherà il prezzo di esercizio di 11.576.000 warrant su azioni ordinarie non quotate da $0,12 a $0,06 per Warrant Share. Durante il Periodo di Esercizio Anticipato (dal 10 al 24 dicembre 2024), i detentori di warrant che eserciteranno le loro warrant riceveranno un ulteriore Incentivo Warrant, consentendo loro di acquistare un'azione ordinaria a $0,06 per 2 anni.
Il programma riguarda le warrant emesse durante il collocamento privato dell'azienda, che si è concluso in due tranche (27 settembre e 7 novembre 2023). La partecipazione degli insider è fissata al 10% delle Warrant Idonee totali. I proventi saranno utilizzati per scopi generali e di capitale circolante. Il programma richiede l'approvazione della Borsa di Toronto Venture.
Boron One Holdings (TSXV:BONE) ha anunciado actualizaciones a su programa de incentivos para el ejercicio de warrants y a la iniciativa de reajuste de warrants. La empresa enmendará el precio de ejercicio de 11,576,000 warrants de compra de acciones comunes no cotizadas de $0.12 a $0.06 por Warrant Share. Durante el Período de Ejercicio Anticipado (del 10 al 24 de diciembre de 2024), los titulares de warrants que ejerzan sus warrants recibirán un Warrant de Incentivo adicional, que les permitirá comprar una Acción Común a $0.06 durante 2 años.
El programa afecta a los warrants emitidos durante la colocación privada de la empresa, que se cerró en dos tramos (27 de septiembre y 7 de noviembre de 2023). La participación de los insiders es del 10% del total de Warrants Elegibles. Los ingresos se utilizarán para fines generales y de capital de trabajo. El programa requiere la aprobación de la Bolsa de Valores de Toronto Venture.
Boron One Holdings (TSXV:BONE)는 보증서 실행 인센티브 프로그램과 보증서 재조정 이니셔티브에 대한 업데이트를 발표했습니다. 회사는 11,576,000개의 상장되지 않은 보통주 매입 보증서의 실행 가격을 $0.12에서 Warrant Share당 $0.06로 수정할 것입니다. 조기 실행 기간(2024년 12월 10일~24일) 동안 보증서를 행사하는 보유자는 추가 인센티브 보증서를 받아 2년 동안 $0.06에 보통주 1주를 구매할 수 있습니다.
이 프로그램은 2023년 9월 27일과 11월 7일에 두 차례에 걸쳐 종료된 회사의 사모펀드에서 발행된 보증서에 영향을 미칩니다. 내부자 참여는 총 10%의 적격 보증서에 해당합니다. 수익금은 일반 및 운영 자본의 용도로 사용됩니다. 이 프로그램은 TSX 벤처 거래소의 승인이 필요합니다.
Boron One Holdings (TSXV:BONE) a annoncé des mises à jour de son programme d'incitation à l'exercice des warrants et de son initiative de revalorisation des warrants. L'entreprise va modifier le prix d'exercice de 11 576 000 bons de souscription d'actions ordinaires non cotées, de 0,12 $ à 0,06 $ par Warrant Share. Pendant la Période d'Exercice Anticipé (du 10 au 24 décembre 2024), les titulaires de warrants qui exercent leurs warrants recevront un Warrant d'Incentive supplémentaire, leur permettant d'acheter une Action Ordinaire à 0,06 $ pendant 2 ans.
Le programme concerne les warrants émis lors du placement privé de l'entreprise, qui s'est terminé en deux tranches (27 septembre et 7 novembre 2023). La participation des initiés est de 10 % du total des Warrants Éligibles. Les produits seront utilisés à des fins générales et pour le fonds de roulement. Le programme nécessite l'approbation de la Bourse de Toronto Venture.
Boron One Holdings (TSXV:BONE) hat Aktualisierungen seines Anreizprogramms für die Ausübung von Warrants und der Warrant-Neupreisinitiative angekündigt. Das Unternehmen wird den Ausübungspreis von 11.576.000 nicht notierten Bezugsrechten für Aktien von $0,12 auf $0,06 pro Warrant Share ändern. Während des frühen Ausübungszeitraums (10. bis 24. Dezember 2024) erhalten Warrant-Inhaber, die ihre Warrants ausüben, einen zusätzlichen Anreiz-Warrant, der es ihnen ermöglicht, für 2 Jahre eine Stammaktie zu einem Preis von $0,06 zu erwerben.
Das Programm betrifft Warrants, die im Rahmen der privaten Platzierung des Unternehmens ausgegeben wurden, die in zwei Tranchen (27. September und 7. November 2023) abgeschlossen wurde. Die Insider-Beteiligung beträgt 10% der insgesamt berechtigten Warrants. Die Einnahmen werden für allgemeine und Betriebskapitalzwecke verwendet. Das Programm bedarf der Genehmigung der TSX Venture Exchange.
- Reduced warrant exercise price from $0.12 to $0.06 may encourage warrant conversion and capital raising
- Additional incentive warrants offered to early exercisers provides extra value to participants
- Warrant repricing represents a 50% reduction in potential capital raised from original warrant exercises
- Dilutive effect of additional incentive warrants on existing shareholders
VICTORIA, BC / ACCESSWIRE / December 9, 2024 / Boron One Holdings Inc. ("Boron One" or the "Company") (TSXV:BONE) is providing an update to its press release dated November 22, 2024, announcing the warrant exercise incentive program (the "Program") intended to encourage the exercise of up to 11,576,000 unlisted common share purchase warrants of the Company (the "Eligible Warrants") and warrant repricing (the "Warrant Repricing"), whereby it will amend the current exercise price for such Eligible Warrants, subject to approval from the TSX Venture Exchange (the "TSXV").
The Company issued the Eligible Warrants in connection with its private placement of units ("Units") that closed on September 27, 2023 ("Tranche 1") and November 7, 2023 ("Tranche 2" and together with Tranche 1, the "Financing"). Pursuant to the Financing, each Unit was comprised of one (1) common share of the Company ("Common Share") and one (1) Eligible Warrant, entitling the holder thereof to acquire one (1) Common Share (each, a "Warrant Share") at a price of
The directors of the Company have determined it to be in the best interests of the Company to complete the Warrant Repricing, whereby it will amend the current exercise price of the Eligible Warrants from
Under the Program, the Company is offering an incentive to each holder of Eligible Warrants (each, a "Warrantholder") that exercises Eligible Warrants during the early exercise period (the "Early Exercise Period") consisting of an additional warrant (hereinafter, an "Incentive Warrant"). Each Incentive Warrant will entitle the holder thereof to purchase one (1) Common Share for a period of 2 years at a price of
The Early Exercise Period is expected to commence at 9:00 a.m. (Vancouver time) on December 10, 2024 and terminate at 5:00 p.m. (Vancouver time) on December 24, 2024. The Incentive Warrants and any Common Shares issuable on the exercise thereof will be subject to a four-month and one-day statutory hold period from the date of issuance of the Incentive Warrants pursuant to applicable Canadian securities laws and TSXV policies.
To the extent that Warrantholders take advantage of the Early Exercise Period, the Company intends to use the aggregate net proceeds to fund general and working capital purposes. Eligible Warrants that remain unexercised following the completion of the Early Exercise Period will continue to be exercisable for Common Shares on the original terms as they existed prior to the Program, with the Tranche 1 Eligible Warrants expiring on March 27, 2025, and the Tranche 2 Eligible Warrants expiring on May 7, 2025, both at 5:00 p.m. (Vancouver time).
The Program and the Warrant Repricing are subject to approval from the TSXV. Under the Program, the number of Eligible Warrants to be exercised by insiders of the Company is limited to no more than
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
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 | |
OTC PINK:ERVFF |
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking information. Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "proposed", "estimates", "would", "expects", "intends", "plans", "may", "will", and similar expressions.
More particularly and without limitation, the forward‐looking information in this press release include (i) expectations regarding the Company's financing plans, closing times, receipt of regulatory and TSXV approvals; (ii) expectations regarding the Warrant Repricing, Program, and the timing and closings thereof; (iii) expectations regarding the use of proceeds of the Program; and (iv) expectations concerning the Company's business plans and operations. Forward-looking information is based on a number of factors and assumptions that have been used to develop such information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.
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 accesswire.com
FAQ
What is the new exercise price for Boron One's warrants under the incentive program?
When does Boron One's warrant exercise incentive period end?
How many additional incentive warrants can insiders receive in Boron One's program?
