BOREFBorealis Exploration Limited

About Borealis Exploration Limited (BOREF)

Borealis Exploration Limited (BOREF) is a Shell Companies company headquartered in Gibraltar, Gibraltar whose shares trade over-the-counter on the Pink tier.

In October 2019, Borealis Exploration Limited (BOREF) sold its share assets to Borealis Holdings Ltd, an Isle of Man limited company. These assets include the shareholdings that ultimately control WheelTug plc, Chorus Motors plc, and other associated companies. BOREF owns no share assets in any other companies. In a transaction intended to protect shareholder value, every BOREF share may be exchanged for one share in Borealis Holdings. The latter company is structured to ensure there is no dilution: the only allowed share issuances are for one-to-one exchanges for BOREF shares. Accordingly, the total number of shares of Borealis Holdings will be 5,000,000 in a single class. Any BOREF shares that are not exchanged before 27 September 2029, may also be redeemed for ten US dollars (US$10) per share plus interest from today at the rate of 2% per annum

Products and services

Borealis Exploration Limited is a holding company and does not have any products or services.

BOREF key facts

Ticker symbol

BOREF

Market tier

Pink

Sector

Financial Services

Industry

Shell Companies

Headquarters

Gibraltar, Gibraltar

Country of incorporation

GI

Year of incorporation

1968

Employees

2

Estimated market cap

$11.80M (as of Apr 11, 2025)

Shares outstanding

3,630,603

Reporting standard

Alternative Reporting Standard

Audit status

Audited

Fiscal year end

9/30

Latest filing

Annual Report (Sep 30, 2024)

Borealis Exploration Limited leadership

• Isaiah W. Cox — President, CEO, COO
• Mark F Radom — General Counsel

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