Power One to reprice, extend 11.18 million warrants

Executive Summary

• Power One Resources Corp. proposes to extend the expiry dates of 11,188,846 share purchase warrants and reprice them from $0.50 to $0.15 per share.
• Extensions move expiries to 2026‑2027 for three tranches originally issued in 2021 and 2022; all other warrant terms remain unchanged.
• The amendment is subject to TSX Venture Exchange approval.

Key Details

• Total warrants affected: 11,188,846 shares.
• Original exercise price: $0.50 per share.
• Proposed new exercise price: $0.15 per share.
• Expiry extensions:
• 1.03 M warrants (issued Nov 21 2021) → new expiry Nov 21 2026.
• 1.00 M warrants (issued Feb 18 2022) → new expiry Feb 18 2027.
• 9,158,846 warrants (issued Mar 23 2022) → new expiry Mar 23 2027.
• All other warrant terms and conditions remain unchanged.
• Extension and repricing require TSX‑V approval; the company filed the application within required timelines.

Notable Quotes

(No direct quotes provided in the release.)