Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 177

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 177
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arrants are eligible to participate in distributions to holders of the Common Shares to the same extent as if
they had exercised their Warrants prior to such distribution.

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Holders of the Warrants
may exercise their Warrants to purchase Common Shares on or before the expiration date of such Warrants by delivering an exercise notice,
appropriately completed and duly signed. Following each exercise of the Warrants, the holder is required to pay the exercise price for
the number of Common Shares for which the Warrant is being exercised in cash. A holder of the Warrants also will have the right to exercise
its Warrants on a cashless basis if a registration statement or prospectus contained therein is not available for the resale of the Common
Shares issuable upon exercise thereof. Warrants may be exercised, in whole or in part, and any portion of a Warrant not exercised prior
to the termination date shall be and become void and of no value. The absence of an effective registration statement or applicable exemption
from registration does not alleviate our obligation to deliver Common Shares issuable upon exercise of a Warrant.

Upon the holder’s
exercise of a Warrant, we will issue the Common Shares issuable upon exercise of the Warrant within two trading days of our receipt of
notice of exercise, subject to receipt of payment of the aggregate exercise price therefor.

The Common Shares issuable
on exercise of the Warrants are duly and validly authorized and will be, when issued, delivered and paid for in accordance with the Warrants,
validly issued and fully paid and non-assessable.

If, at any time a Warrant
is outstanding, we consummate any fundamental transaction, as described in the Warrants and generally including any consolidation or merger
into another corporation, or the sale of all or substantially all of our assets, or other transaction in which our Common Shares are converted
into or exchanged for other securities or other consideration, the holder of any Warrants will thereafter receive, the securities or other
consideration to which a holder of the number of Common Shares then deliverable upon the exercise or exchange of such Warrants would have
been entitled upon such consolidation or merger or other transaction. Additionally, in the event of a fundamental transaction, each Warrant
holder will have the right to require us, or our successor, to repurchase the Warrants for an amount equal to the Black-Scholes value
of the remaining unexercised portion of the Warrant on the terms set forth in the W