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Boron One Holdings (TSXV:BONE) has successfully concluded its warrant exercise incentive program, resulting in the exercise of 7,266,000 Eligible Warrants generating proceeds of $435,960.00 for general working capital. The program encouraged the exercise of up to 11,576,000 unlisted warrants from previous private placements.
Participating holders received 7,266,000 additional Incentive Warrants, each allowing the purchase of one Common Share at $0.06 for 2 years, with acceleration rights if shares trade at or above $0.10 for 10 days. Unexercised Eligible Warrants retain their original terms, expiring March 27, 2025 (Tranche 1) and May 7, 2025 (Tranche 2). Insiders participated in 8.26% of the total Eligible Warrants exercised.
Boron One Holdings (TSXV:BONE) ha concluso con successo il suo programma di incentivazione per l’esercizio delle opzioni, portando all’esercizio di 7.266.000 Opzioni Idonee che hanno generato proventi di $435.960,00 per il capitale circolante generale. Il programma ha incoraggiato l’esercizio di fino a 11.576.000 opzioni non quotate da precedenti collocamenti privati.
I titolari partecipanti hanno ricevuto 7.266.000 ulteriori Opzioni Incentive, ciascuna delle quali consente l’acquisto di un’azione comune a $0,06 per 2 anni, con diritti di accelerazione se le azioni vengono scambiate a $0,10 o più per 10 giorni. Le Opzioni Idonee non esercitate mantengono i loro termini originali, con scadenza il 27 marzo 2025 (Tranche 1) e il 7 maggio 2025 (Tranche 2). I membri interni hanno partecipato all’8,26% del totale delle Opzioni Idonee esercitate.
Boron One Holdings (TSXV:BONE) ha concluido con éxito su programa de incentivos para el ejercicio de warrants, lo que resultó en el ejercicio de 7,266,000 Warrants Elegibles generando ingresos de $435,960.00 para el capital de trabajo general. El programa fomentó el ejercicio de hasta 11,576,000 warrants no listados de colocaciones privadas anteriores.
Los titulares participantes recibieron 7,266,000 Warrants de Incentivo adicionales, cada uno permitiendo la compra de una Acción Común a $0.06 durante 2 años, con derechos de aceleración si las acciones se negocian a $0.10 o más durante 10 días. Los Warrants Elegibles no ejercidos mantienen sus términos originales, venciendo el 27 de marzo de 2025 (Tramo 1) y el 7 de mayo de 2025 (Tramo 2). Los miembros internos participaron en el 8.26% del total de los Warrants Elegibles ejercidos.
보론 원 홀딩스 (TSXV:BONE)는 보증권 행사 장려 프로그램을 성공적으로 마무리했습니다. 이에 따라 7,266,000개의 유효 보증권이 행사되어 $435,960.00의 수익이 일반 운영 자본을 위해 발생했습니다. 이 프로그램은 이전 사모 배치에서 최대 11,576,000개의 비상장 보증권의 행사를 장려했습니다.
참여한 보유자들은 각 2년 동안 $0.06에 한 주식 구매를 허용하는 7,266,000개의 추가 인센티브 보증권을 수령했으며, 주식이 10일 동안 $0.10 이상 거래될 경우 가속 행사 권리가 있습니다. 행사되지 않은 유효 보증권은 원래 조건을 유지하며, 2025년 3월 27일(트랜치 1)과 2025년 5월 7일(트랜치 2)에 만료됩니다. 내부자는 행사된 총 유효 보증권의 8.26%에 참여했습니다.
Boron One Holdings (TSXV:BONE) a conclu avec succès son programme d’incitation à l’exercice des warrants, entraînant l’exercice de 7 266 000 Warrants Éligibles générant des revenus de 435 960,00 $ pour le fonds de roulement général. Le programme a encouragé l’exercice de jusqu’à 11 576 000 warrants non cotés provenant de placements privés précédents.
Les détenteurs participants ont reçu 7 266 000 Warrants d’Incentive supplémentaires, chacun permettant l’achat d’une Action Commune à 0,06 $ pendant 2 ans, avec des droits d’accélération si les actions se négocient à 0,10 $ ou plus pendant 10 jours. Les Warrants Éligibles non exercés conservent leurs conditions d’origine, expirant le 27 mars 2025 (Tranche 1) et le 7 mai 2025 (Tranche 2). Les initiés ont participé à 8,26% du total des Warrants Éligibles exercés.
Boron One Holdings (TSXV:BONE) hat erfolgreich sein Anreizprogramm für die Ausübung von Warrants abgeschlossen, was zur Ausübung von 7.266.000 anspruchsvollen Warrants führte und Einnahmen von $435.960,00 für das allgemeine Betriebskapital generierte. Das Programm ermutigte zur Ausübung von bis zu 11.576.000 nicht gelisteten Warrants aus früheren Privatplatzierungen.
Teilnehmende Inhaber erhielten 7.266.000 zusätzliche Anreizwarrants, die den Kauf einer Stammaktie zu $0,06 für 2 Jahre ermöglichen, mit Beschleunigungsrechten, wenn die Aktien 10 Tage lang bei $0,10 oder mehr gehandelt werden. Nicht ausgeübte anspruchsvolle Warrants behalten ihre ursprünglichen Bedingungen und laufen am 27. März 2025 (Tranche 1) und am 7. Mai 2025 (Tranche 2) ab. Insider haben an 8,26% der insgesamt ausgeübten anspruchsvollen Warrants teilgenommen.
Positive
- Raised $435,960 in new capital through warrant exercises
- 8.26% insider participation in warrant exercise program, showing management confidence
Negative
- Dilution of existing shareholders through issuance of additional 7,266,000 Incentive Warrants
- Further potential dilution from remaining unexercised warrants
VICTORIA, BC / ACCESS Newswire / January 17, 2025 / Boron One Holdings Inc. (“Boron One” or the “Company”) (TSXV:BONE) is pleased to announce the closing of its previously announces (November 22, 2024, December 9, 2024 and December 20, 2024) warrant exercise incentive program (the “Program”). The Program was designed to encourage the exercise of up to 11,576,000 unlisted common share purchase warrants of the Company (the “Eligible Warrants”) which were issued in connection with its private placement of units (“Units”) that closed on September 27, 2023 (“Tranche 1”) and November 7, 2023 (“Tranche 2”). 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 $0.07 for the first six months and $0.12 for the remaining 12 months, being March 27, 2025 for Tranche 1 Eligible Warrants and May 7, 2025 for Tranche 2 Eligible Warrants, respectively.
Pursuant to the Program, holders exercised 7,266,000 Eligible Warrants for proceeds of $435,960.00 which will be used for general working capital. Participating holders were also issued 7,266,000 additional warrants (an “Incentive Warrant”). Each Incentive Warrant entitles the holder thereof to purchase one (1) Common Share for a period of 2 years at a price of $0.06 per Common Share, subject to the right of the Company to accelerate expiry upon 30 days’ notice if the Common Shares trade on the TSX Venture Exchange (“TSXV”) at or above $0.10 for a period of 10 days.
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 Incentive Warrants and any Common Shares issuable on the exercise thereof will be subject to a four-month and a-day 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 Multilateral Instrument 61-101 in sections 5.5(a) and 5.7(a) thereof and with respect of such insider participation.
The Program is subject to approval from the TSXV and is subject to receipt of all final regulatory approvals, including final approval of the TSXV. The number of Eligible Warrants exercised by insiders of the Company was 8.26% of the total Eligible Warrants.
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 TSXV 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
On behalf of the Board of Directors,
Tim Daniels, President
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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
How much capital did Boron One raise through its warrant exercise program?
Boron One raised $435,960.00 through the exercise of 7,266,000 Eligible Warrants.
What are the terms of the new Incentive Warrants issued by Boron One?
The Incentive Warrants allow holders to purchase Common Shares at $0.06 for 2 years, with acceleration rights if shares trade at or above $0.10 for 10 days.
When do the remaining unexercised Eligible Warrants expire?
Tranche 1 Eligible Warrants expire on March 27, 2025, and Tranche 2 Eligible Warrants expire on May 7, 2025.
What percentage of the warrant exercise program involved insider participation?
Insiders participated in 8.26% of the total Eligible Warrants exercised in the program.
