Boron One Announces Successful Closing of Early Warrant Exercise Incentive Program
BORON ONE HOLDINGS INC.
NEWS RELEASE – for immediate release
Boron One Announces Successful Closing of Early Warrant Exercise Incentive Program
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
- 2 -
“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
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
[email protected] US: SEC 12G3-2(B) #82-4432ERVFF
www.boronone.com 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.