Company: CHNR
Filing Date: 2025-05-15
Form Type: 424B5
Source: 0001079973-25-000830
Chunk: 89

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 424B5
Chunk 89
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The warrants have an exercise
price of $0.623 per common share, are currently exercisable and will expire on July 22, 2024. The exercise price and number of common
shares issuable upon exercise of the warrants is subject to appropriate adjustment upon the occurrence of certain events, including, but
not limited to, stock dividends or splits, business combination, sale of assets, similar recapitalization transactions or other similar
transactions. In addition, the exercise price of the warrants issued to investors in our January 2021 private placement is subject to
an adjustment in the event that we issue common shares for less than the applicable exercise price of the warrant. Holders of those warrants
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.

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