- Boron One Holdings (TSXV:BONE) successfully concludes its warrant exercise incentive program, raising $205,750.
- 42.46% of the warrants were exercised by company insiders, indicating strong internal confidence.
- New Incentive Warrants provide potential for future capital inflow with a tiered pricing model until 2028.
Boron One Holdings Inc. (TSXV:BONE) has successfully closed its warrant exercise incentive program, initially announced on April 7, 2025. The initiative aimed to motivate holders to exercise up to 9,691,000 unlisted common share purchase warrants by reducing the exercise price from $0.07 to $0.05 per warrant share.
The program resulted in the exercise of 4,115,000 Eligible Warrants, generating proceeds of $205,750. These funds are earmarked for general working capital purposes, bolstering the company's financial position.
Participating holders were awarded an equal number of Incentive Warrants, which are exercisable until May 27, 2028. These warrants feature a tiered pricing structure: $0.05 for the first year, and $0.07 for the second and third years. Additionally, the Corporation retains the right to accelerate expiry upon 30 days' notice if shares trade at or above $0.10 for a period of 10 days on the TSX Venture Exchange.
Notably, 42.46% of the total Eligible Warrants were exercised by insiders, showcasing significant confidence from management. The program, pending final approval from the TSX Venture Exchange, underscores Boron One's strategic maneuvering to enhance liquidity and shareholder value.
