Business
New Break Announces Acceleration of Warrant Expiry Dates
Toronto, Ontario--(Newsfile Corp. - September 24, 2025) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that the Company has elected to accelerate the expiry date of outstanding common share purchase warrants (the "Warrants") issued pursuant to certain of the Company's non-brokered private placements (the "Offerings") on the following dates: December 29, 2023 - 750,000 at $0.12December 29, 2023 - 1,250,000 at $0.15March 5, 2024 - 250,000 at...
About this update from New Break Resources Ltd.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - September 24, 2025) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that the Company has elected to accelerate the expiry date of outstanding common share purchase warrants (the "Warrants") issued pursuant to certain of the Company's non-brokered private placements (the "Offerings") on the following dates:","length":432,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"December 29, 2023 - 750,000 at $0.12","length":36,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"December 29, 2023 - 1,250,000 at $0.15","length":38,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"March 5, 2024 - 250,000 at $0.12","length":32,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"November 15, 2024 - 6,106,000 at $0.12","length":38,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"June 27, 2025 - 1,252,000 at $0.12","length":34,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"September 5, 2025 - 6,188,000 at $0.12","length":38,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":216,"olType":false},{"type":"text","content":"Pursuant to the terms of the certificates evidencing the Warrants (the "Warrant Certificates"), as applicable, the Company may accelerate the expiry of the Warrants if the closing price of the common shares of the Company (the "Common Shares") listed on the Canadian Securities Exchange (the "CSE") is equal to or exceeds $0.25 for any five (5) non-consecutive trading days over a 365-day period (the "Acceleration Trigger"), to the date which is twenty (20) calendar days after the dissemination of a news release announcing the Acceleration Trigger.","length":591,"tagName":"p"},{"type":"text","content":"As the closing price of the of the Common Shares on the CSE exceeded $0.25 per Common Share on each of September 17, 18, 19, 22 and 23, 2025, this news release constitutes notice to all holders of the above noted Warrants of the acceleration of the expiry date. Accordingly, the Company confirms that the above noted Warrants are now set to expire at 5:00 p.m. (Toronto time) on October 14, 2025 (the "Accelerated Expiry Date"). Any Warrants remaining ...