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Boron One Announces Update to Early Warrant Exercise Incentive ProgramEach Eligible Warrant is exercisable for one common share of the Company (each a "Common Share") at a price of $0.09 per Common Share, subject to the approval of the TSX Venture Exchange to the proposed Warrant Repricing. The Tranche 1 warrants expire on March 25, 2024 and the Tranche 2 warrants expire on May 25, 2025, both at 5:00 p.m. (Vancouver time). To the extent that holders of Eligible Warrants 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 February 16, 2024 and terminate on March 1, 2024. The Program and the Warrant Repricing 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 to be exercised by insiders of the Company is limited to no more than 10% of the total Eligible Warrants, being 12,201,837 Eligible Warrants, and the Company will issue no more than 1,220,183 Incentive Warrants to insiders under the Program. Insiders presently hold 0.41% of the 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.sedar.com.. For further information, please contact: Boron One Holdings Inc. Boron's Public Quotations: Canada 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
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