Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 176

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 176
---
 the option of the Company, liable to be redeemed, on such terms and in such manner as the
directors before or at the time of the issue of such shares may determine. The Company may purchase, redeem or acquire its own shares
for such consideration as may be determined by the directors, subject to the written consent of all the members whose shares are to be
purchased, redeemed or otherwise acquired, and such shares may, at the direction of the directors, be cancelled or held as treasury shares;
provided, however, that the Company may not purchase, redeem or acquire its shares unless, immediately following the purchase, redemption
or acquisition (a) the value of the Company’s assets exceeds its liabilities and (b) the Company is able to pay its debts as they
become due.

Preferred Shares

Our Articles provide
that preferred shares shall carry such designations, powers, preferences and rights, qualifications, limitations and restrictions as shall
be fixed by our board of directors at the time of issuing the relevant preferred shares or class or series of preferred shares, as the
case may be. In the event that our board of directors so designates preferred shares for issuance, we may issue any such preferred shares
that are properly authorized in transactions covered by this prospectus.

Warrants

As of the date of this
prospectus, there are (i) outstanding Warrants to purchase up to 1,115,903 Common Shares of the Company at an exercise price of $3.00
per Common Share (the “2024 Warrants”), and (ii) outstanding Warrants to purchase up to 74,394 Common Shares of
the Company at an exercise price of $2.20 per Common Share (the “2024 Placement Agent Warrants,” collectively with
the 2024 Warrants, “Warrants”). The 2024 Warrants and 2024 Placement Agent Warrants became exercisable on February
21, 2024 and will expire on August 21, 2027. 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 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 the W