Boron One Updates Warrant Exercise Incentive Program

Boron One Holdings Inc., a mineral exploration company based in Victoria, BC, has announced updates to its warrant exercise incentive program. This initiative aims to encourage the exercise of up to 11,576,000 unlisted common share purchase warrants. The company plans to reprice these warrants, reducing the exercise price from $0.12 to $0.06 per share, subject to TSX Venture Exchange approval.

The program provides an incentive for warrant holders who exercise early by offering an additional warrant. This incentive warrant allows the purchase of one common share at $0.06 for two years, with the potential for accelerated expiry. The early exercise period runs from December 10 to December 24, 2024, with proceeds aimed at funding general and working capital purposes.

Insider participation is capped at 10% of the total eligible warrants. Boron One's actions and plans remain contingent on TSXV approval.