Fredonia Mining Inc. Announces Completion of Early Warrant Exercise Incentive Program

Core Points - Fredonia Mining Inc. announced gross proceeds of approximately $473,000 from the exercise of 1,576,666 share purchase warrants at an exercise price of $0.30 per share [1] - The company implemented an early warrant exercise incentive program, providing additional 1,576,666 new share purchase warrants to exercising holders, each allowing the purchase of one additional common share at $0.60 for 24 months [2] - A total of 5,090,001 $0.30 Warrants remain outstanding and are exercisable until September 25, 2027 [3] Related Party Transactions - The warrant exercise program involved related party transactions, with CEO Estanislao Auriemma and directors Ricardo Auriemma and Waldo Perez participating by exercising a total of 143,333 $0.30 Warrants [4] - Insider participation was limited to 10% of the outstanding $0.30 Warrants, and the company relied on exemptions from certain requirements under Multilateral Instrument 61-101 [4] Company Information - Fredonia holds gold and silver license areas totaling approximately 18,300 hectares in the Deseado Massif region of Santa Cruz, Argentina, including the El Dorado-Monserrat project, El Aguila project, and Petrificados project [7]