Boron One Announces Successful Closing of Early Warrant Exercise Incentive Program
Summary
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.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.On behalf of the Board of Directors,Tim Daniels, PresidentAbout 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 One aims to play a crucial role in reducing the worlds carbon footprint and supporting a cleaner, greener future for us all.Headquartered in Victoria, B.C., Canada, Boron Ones shares are traded on the TSX Venture Exchange under the symbol "BONE". For detailed information please see Boron Ones website at www.boronone.com or the Companys filed documents at https://www.sedarplus.ca/.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.