Boron One Announces Successful Closing of Early Warrant Exercise Incentive Program
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BORON ONE HOLDINGS INC.
NEWS RELEASE [for immediate release]
Boron One Announces Successful Closing of Early Warrant
Exercise Incentive Program
May 26, 2025
Victoria, BC, Canada
Boron One Holdings Inc. (“Boron One” or the “Company”) [TSXV: BONE], is pleased to
announce the closing of its previously announced (April 7, 2025) warrant exercise incentive
program (the "Program”). The Program was designed 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
June 7, 2024, September 10, 2024 and September 25, 2024, respectively (the “Warrants”).
The Warrants had an exercise price of $0.07. The board of directors of the Company
determined it to be in the best interests of the Corporation to reprice Warrants from the
current exercise price of $0.07 per share of common stock to C$0.05 per Warrant Share for
the term of the Program.
Eligible Warrants that remain unexercised continue to be exercisable for Common Shares
on the original terms as they existed prior to the Program.
Pursuant to the Program, the holders exercised 4,115,000 Eligible Warrants for proceeds of
$205,750 which will be used for general working capital. Participating holders were issued
4,115,000 additional common share purchase warrants (an "Incentive Warrant"). Each
Incentive Warrant entitles the holder to purchase one additional Common Share until 5:00
pm (Vancouver time) May 27, 2028. Each Incentive Warrant is exercisable at $0.05 for the
first year, and $0.07 for the second and third year, subject to the right of the Corporation to
accelerate expiry upon 30 days’ notice if the shares of the Corporation trade on the TSX
Venture Exchange at or above $0.10 for a period of 10 days.
The Incentive Warrants and any Common Shares issuable on the exercise thereof will be
subject to a four-month 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 MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 in
respect of such insider participation.
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The Program 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 exercised by insiders of the Company was
42.46 % of the total Eligible Warrants.
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On behalf of the Board of Directors,
Tim Daniels, President
About Boron One Holdings Inc.
Boron One Holdings Inc. is a leading company dedicated to advancing the decarbonization
of our planet through the responsible utilization of its wholly owned boron assets in Serbia.
With a commitment to environmental stewardship and sustainability, Boron O ne aims to
play a crucial role in reducing the world’s carbon footprint and supporting a cleaner, greener
future for us all.
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
https://www.sedarplus.ca/.
For further information, please contact: Boron’s Public Quotations:
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.