AJN Announces Warrant Exercise Incentive Program
AJN Resources Inc.
+44 7496 291 547
CSE: AJN, Frankfurt: 5AT
Suite 1400 - 1199 West Hastings St,
Vancouver BC V6E 3T5
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ajnresources.com
CSE: NEWS RELEASE
15/09/25
AJN Resources Inc. Announces Warrant Exercise Incen5ve Program
Vancouver, BC, September 15, 2025: AJN Resources Inc. (CSE: AJN) (Frankfurt: 5AT) (“AJN” or the
“Company”) is pleased to announce the initiation of a warrant exercise incentive program (“Warrant
Incentive Program”) intended to encourage the exercise of up to 33,996,346 outstanding common
share purchase warrants of the Company (each, a “Warrant” and collectively the “Warrants”), of
which 13,415,000 are each exercisable for one common share of the Company (each, a “Share”) at a
price of $0.30 per Share and 21,207,446 are each exercisable for one Share at a price of $0.15 per
Share.
Pursuant to the Warrant Incentive Program, the Company is offering an inducement to each holder
of Warrants who exercises their Warrants during the 30-day period from September 15, 2025 to
October 14, 2025 (the “Early Exercise Period”) consisting of: (a) a temporary repricing of the Warrant
exercise price to $0.10 per Share; and (b) the grant of an additional Share purchase warrant (an
“Incentive Warrant”) for each Warrant exercised. Each Incentive Warrant will be exercisable at $0.30
per Share for a period of four years from the date of issuance.
To b e e l i g i b l e f o r t h e Wa r r a n t I n c e n t i v e P r o g r a m , t h e h o l d e r o f t h e Wa r r a n t m u s t , p r i o r t o October
14, 2025, complete and provide the Company with the Warrant exercise documents, the applicable
funds for the exercise price, and a properly completed and signed exemption certificate to the
Company or the Company must otherwise be satisfied that the distribution of Incentive Warrants to
such holder would be exempt from prospectus requirements. The Warrants that remain unexercised
following the Early Exercise Period will continue to be exercisable on their terms as those terms were
in effect immediately prior to the Early Exercise Period, including with respect to the pricing thereof,
and no Incentive Warrants will thereafter be issuable on exercise.
The Company anticipates using the proceeds from the exercise of any Warrants for the technical and
legal due diligence in connection with a possible property acquisition, exploration on the Company’s
properties and for general working capital purposes. The Incentive Warrants, if issued, and any Shares
issuable on the exercise thereof, will be subject to a statutory hold period of four months and one
day from the date of issuance of the Incentive Warrants.
If you are a Warrant holder and need further information about the Warrant Incentive Program,
please contact the Company directly by e-mail at [email protected] or by telephone at +44
7496 291 547 or contact Sheena Eckhof at [email protected].
Certain insiders of the Company are eligible to participate in the Warrant Incentive Program, and, as
a result, participation by such insiders in the Warrant Incentive Program may constitute a related
party transaction within the meaning of Multilateral Instrument 61 -101 Protection of Minority
Shareholders in Special Transactions (“MI 61-101”). The Company intends to rely on exemptions from
the formal valuation and minority shareholder approval requirements provided under sections 5.5(a)
and 5.7(1)(a) of MI 61-101, as the fair market value of the Warrants held by the insiders does not
exceed 25 per cent of the Company's market capitalization.
AJN News Release
15/09/25
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AJN also announces that further to the Company’s July 18, 2025 news release, it will not be
proceeding with the proposed amendment of the exercise price of 10,461,111 previously issued
common share purchase warrants from CAD $0.30 per share to CAD $0.15 per share as the Company
did not obtain consent from all holders of the 10,461,111 warrants.
About AJN Resources Inc.
AJN is a junior exploration company. AJN’s management and directors possess over 75 years of
collective industry experience and have been very successful in the areas of exploration, financing
and developing major mines throughout the world, with a focus on Africa, especially the Democratic
Republic of the Congo.
For further information, please contact Investor Relations:
Sheena Eckhof
Director, Investor Relations
Visit us at www.ajnresources.com
Te l : + 4 4 7 4 9 6 2 9 1 5 4 7
On Behalf of the Board of Directors
Klaus Eckhof
CEO and President
Cau3onary Note Regarding Forward-Looking Statements
The information in this news release may include certain information and statements about
management’s view of future events, expectations, plans and prospects that may constitute forward-
looking statements. Forward-looking statements are based upon assumptions that are subject to
significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety
of factors, the actual results, expectations, achievements or performance may differ materially from
those anticipated and indicated by these forward-looking statements. Although AJN Resources Inc.
believes that the expectations reflected in forward-looking statements are reasonable, it can give no
assurances that the expectations of any forward-looking statements will prove to be correct. Except
as required by law, AJN Resources Inc. disclaims any intention and assumes no obligation to update
or revise any forward-looking statements to reflect actual results, whether as a result of new
information, future events, changes in assumptions, changes in factors affecting such forward -
looking statements or otherwise.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Not for distribution to United States newswire services or for dissemination in the United States.