Boron One Holdings Inc. Completes Private Placement Financing

Boron One Holdings Inc., based in Victoria, BC, has announced the successful closing of its private placement. The company raised $795,500 by issuing 19,887,500 units at $0.04 per unit. Each unit includes one common share and one warrant, with specific exercise terms spanning three years. The initial warrant exercise price is set at $0.05 for the first year, increasing to $0.10 for the subsequent years.

The securities are under a four-month hold, adhering to TSX Venture Exchange rules. The funds will address working capital needs, focusing on boron ore endeavors in Serbia. Finders' fees and broker warrants were also part of the transaction. The private placement awaits necessary regulatory approvals, including that from the TSX Venture Exchange.