Power One Clarifies Warrant Amendment
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NEWS RELEASE TSX-V: PWRO
POWER ONE CLARIFIES WARRANT AMENDMENT
Vancouver, BC, August 8, 2024 – Power One Resources Corp . (PWRO: TSX-V) (“Power One” or
the “Company”) wishes to clarify the proposed amendment of 200,000 share purchase warrants
(the “Repriced Warrants”) that the Company intends to reprice to an exercise price of $0.055 per
share, as previously announced on July 12, 2024. The Repriced Warrants will be subject to an
accelerated expiry such that if the closing price of the common shares of the Company on the
TSX Venture exceeds $0.069 per s hare for 10 consecutive trading days (the “Premium Trading
Days”), the exercise period of the Repriced Warrants will be reduced to 30 days. For more
certainty, the reduced exercise period of 30 days will begin no more than 7 calendar days after
the tenth Premium Trading Day . The proposed amendment of the Repriced Warrants is subject
to the approval of the TSX Venture Exchange.
About Power One
Power One Resources Corp . is a resource issuer listed on the TSX Venture Exchange under the
symbol (PWRO). The Company’s flagship asset, the Pecors hosts significant potential for PGM-Ni-
Cu mineralization related to the Pecors Magnetic anomaly, a large regional magnetic high
extending 18 km long and 4 km wide and largely hidden beneath Huronian sediments. The
Property also lies immediately east of Rad io Fuels Corp., Eco Ridge Project where indicated
resources total 22.306 Mt grading 0.045% U 3O8 and 1,613 pp m REO (rare -earth oxides) and
inferred resources of 36.955 Mt grading 0.046 % U 3O8 and 1,560 ppm REO are recorded. The
Company also holds the Wicheeda Properties, a Rare Earth Prospect in the Cariboo Mining
Division, in British Columbia holding one of the largest land positions next door to Defense Metals
Corp.’s deposit in the Rocky Mountain Rare-Earth Metal Belt.
ON BEHALF OF THE BOARD
Power One Resources Corp.
“Karim Rayani”
Karim Rayani
President, CEO and Director
Tel: 604 716 0551
Email: [email protected]
Power One Resources Corp.
1100 – 1111 Melville Street
Vancouver, BC V6E 3V6
Vancouver: (604) 716-1036
Toronto: (416) 477-1220
Website: www.p1rc.com
Email: [email protected]
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Neither 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.
Forward-Looking Statements
This news release may contain forward looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological interpretations, receipt of
property titles, etc. Forward-looking statements address future events and conditions and therefore involve
inherent risks and uncertainties. Actual results may differ materially from those cur rently anticipated in
such statements. Neither 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.