Boron One Announces Update to Early Warrant Exercise Incentive Program
Rhea-AI Summary
Boron One Holdings (TSXV:BONE) has announced updates to its warrant exercise incentive program targeting 9,691,000 unlisted common share purchase warrants. The company plans to reduce the exercise price from $0.07 to $0.05 per Common Share during the Early Exercise Period, running from April 23, 2025 to May 7, 2025, subject to TSX Venture Exchange approval.
The eligible warrants were issued through private placements in June, September 10, and September 25, 2024, with respective expiry dates of December 7, 2026, March 10, 2027, and March 25, 2027. After the program ends, unexercised warrants will revert to the original $0.07 exercise price.
Insiders currently hold 900,000 eligible warrants, with their participation to 10% (969,100 warrants) of total eligible warrants. The program aims to raise working capital through early warrant exercises.
Positive
- Temporary warrant exercise price reduction from $0.07 to $0.05 may encourage warrant holders to exercise early
- Program could generate immediate working capital for the company
Negative
- Potential dilution of existing shareholders if warrants are exercised
- Program requires TSX Venture Exchange approval, creating execution uncertainty
VICTORIA, BC / ACCESS Newswire / April 22, 2025 / Boron One Holdings Inc. ("Boron One" or the "Company") (TSXV:BONE), is providing an update to its press release dated April 7, 2025 announcing the warrant exercise incentive program. The Program is 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 Early Exercise Period will commence on April 23, 2025 and terminate on May 7, 2025.
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
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
FAQ
What is the new exercise price for Boron One Holdings (ERVFF) warrants under the incentive program?
When does the Early Exercise Period for ERVFF warrants begin and end?
How many eligible warrants are included in Boron One's (ERVFF) incentive program?
What are the expiry dates for ERVFF's eligible warrants?
