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Fredonia Mining Inc. Announces Intention to Amend Price of Previously Issued Warrants and Implement Early Warrant Exercise Incentive Program
TORONTO, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Fredonia Mining Inc. (“ Fredonia ” or th...
About this update from Fredonia Mining, Inc.
[{"type":"text","content":"Fredonia Mining Inc. Announces Intention to Amend Price of Previously Issued Warrants and Implement Early Warrant Exercise Incentive Program\nTORONTO, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Fredonia Mining Inc. (“Fredonia” or the “Company”) (TSXV: FRED) announces that the Company proposes to amend the exercise price of certain outstanding common share purchase warrants and implement an early warrant exercise incentive program with respect to certain other outstanding warrants of the Company to encourage their exercise and provide proceeds for ongoing corporate development activities. The Company currently has three series of warrants outstanding, as described in the table below. Effective Number ofWarrants Outstanding*EffectiveExercise Price*Issue DateExpiry Date4,818,398 $1.40 April 27, 2022 April 27, 2027 1,755,448 $0.50 February 16, 2024 February 16, 2026 6,666,667 $0.30 September 26, 2024 September 27, 2027  Important Note about Presentation of Effective Number of Warrants herein: *The Company’s outstanding common shares (“Common Shares”) were consolidated on a five old for one new basis on November 12, 2024 (the “Consolidation”), resulting in corresponding adjustments to the exercise price and the exchange ratio of outstanding warrants, but not the number of outstanding warrants. As a result with respect to each series of warrants that are outstanding, five warrants are required to be exercised and a payment of five times the original exercise price is required to be made to acquire one Common Share. For simplicity with respect to presenting the number of shares issuable on the exercise of warrants and to match the Company’s continuous disclosure, the number of warrants and exercise prices in this news release are presented on an “effective” basis, as if the number of warrants was also adjusted to reflect the Consolidation. The Company’s warrant registers and any notice of adjustment sent to warrant holders in connection with the consolidation reflect the effective number of warrants presented in this release multiplied by five and a correspondingly adjusted exchange ratio. The number of warrants presented herein may not total exactly in terms of numbers or percentages due to roun...