- Boron One Holdings (BONE) alters exercise price for 9,691,000 common share warrants from $0.07 to $0.05.
- Early Exercise Period set from April 23, 2025, to May 7, 2025, pending TSX Venture Exchange approval.
- The initiative aims to raise working capital through early warrant exercises.
Boron One Holdings Inc. (BONE) has announced adjustments to its warrant exercise incentive program, which affects 9,691,000 unlisted common share purchase warrants. The company plans to temporarily reduce the exercise price from $0.07 to $0.05 per Common Share during an Early Exercise Period scheduled from April 23, 2025, to May 7, 2025. This initiative is subject to approval by the TSX Venture Exchange.
The eligible warrants were issued through private placements in June and September 2024, and they carry expiry dates of December 7, 2026, March 10, 2027, and March 25, 2027. Any warrants not exercised by the end of the incentive program will revert to the original exercise price of $0.07.
Currently, insiders hold 900,000 eligible warrants, with participation capped at 10% (969,100 warrants) of the total eligible warrants. The program aims to generate immediate working capital for Boron One Holdings by encouraging early warrant exercises.