VANCOUVER, BC, July 11, 2024 /CNW/ - First Nordic Metals Corp. (the "Company" or "First Nordic") (TSXV: FNM) (OTCQB: FNMCF) (FRA: HEG0) announces that subject to acceptance by the TSX Venture Exchange (the "TSXV"), the Company intends to amend the exercise price of an aggregate of 3,161,558 outstanding common share purchase warrants of the Company that were issued as part of a private placement that closed on August 23, 2022 (the "Warrants"), and to announce a warrant exercise incentive program (the "Incentive Program") on these Warrants.

Taj Singh, President and CEO states: "Based on the success of our recently completed warrant program, with over 80% of subscribers participating and over $2 million being raised, we are opening up a similar warrant reprice / incentive plan on a near-expiring set of warrants."

The Warrants have a current exercise price of $0.45 and the Company intends to amend the exercise price to $0.36 following receipt of TSXV acceptance of the proposed repricing of the Warrants. All other terms of the Warrants will remain the same, including the expiry date of August 23, 2024.

In addition, the Company is pleased to announce a warrant exercise incentive program (the "Incentive Program"), pursuant to which the Company will offer holders of all the above-noted outstanding Warrants the opportunity to exercise each of their outstanding Warrants between 12:00 p.m. Pacific Standard Time ("PST") on July 11, 2024, and 12:00 p.m. PST on July 26, 2024. In return for the early... see & read more on
https://www.newswire.ca/news-releases/first-nordic-announces-new-warrant-incentive-program-804458781.html