Boron One Successfully Concludes Warrant Exercise Program

Boron One Holdings Inc., based in Victoria, BC, announced the successful closure of its warrant exercise incentive program. This program was aimed at encouraging the exercise of up to 11,576,000 unlisted common share purchase warrants. The initiative followed two private placement tranches from 2023, enabling warrant holders to acquire common shares at set prices until mid-2025.

During the program, 7,266,000 warrants were exercised, generating $435,960. The proceeds are allocated for general working capital. Participants also received Incentive Warrants to purchase additional shares at $0.06 each over a two-year period, subject to trading conditions on the TSX Venture Exchange.

Remaining unexercised warrants will follow their initial terms, expiring in March and May 2025. The program awaits final regulatory approvals. Insider participation accounted for 8.26% of the exercised warrants.