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Boron One Announces Closing of Financing

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Boron One Holdings Inc. (TSXV:BONE) has announced the closing of its non-brokered Unit Private placement financing. The company raised $258,500 in the first tranche through the sale of 5,171,000 Units, and $94,000 in the second tranche by issuing 1,880,000 Units at $0.05 per unit. Each unit comprises one common share and one warrant, with each warrant allowing the purchase of an additional common share at $0.07 for 30 months from closing.

The company paid $1,500 in finder's fees and issued 30,000 broker warrants for the second tranche. The net proceeds will be used for working capital requirements. Securities issued are subject to a statutory hold period until January 26, 2025. Boron One, headquartered in Victoria, B.C., is an international mineral exploration company with boron assets in Serbia, trading on the TSX Venture Exchange under the symbol 'BONE'.

Boron One Holdings Inc. (TSXV:BONE) ha annunciato la conclusione del finanziamento di collocamento privato non intermediato delle unità. L'azienda ha raccolto $258,500 nella prima tranche attraverso la vendita di 5,171,000 unità, e $94,000 nella seconda tranche emettendo 1,880,000 unità a $0.05 per unità. Ogni unità comprende una azione comune e un warrant, con ogni warrant che consente l'acquisto di un'ulteriore azione comune a $0.07 per 30 mesi dalla chiusura.

L'azienda ha pagato $1,500 in commissioni di intermediazione e ha emesso 30,000 warrant per broker per la seconda tranche. I proventi netti saranno utilizzati per le esigenze di capitale circolante. I titoli emessi sono soggetti a un periodo di lockup legale fino al 26 gennaio 2025. Boron One, con sede a Victoria, B.C., è una società internazionale di esplorazione mineraria con attività di boro in Serbia, quotata alla TSX Venture Exchange con il simbolo 'BONE'.

Boron One Holdings Inc. (TSXV:BONE) ha anunciado el cierre de su financiamiento de colocación privada no intermediada de unidades. La empresa recaudó $258,500 en la primera tranche mediante la venta de 5,171,000 unidades, y $94,000 en la segunda tranche emitiendo 1,880,000 unidades a $0.05 por unidad. Cada unidad consiste en una acción común y un warrant, donde cada warrant permite la compra de una acción común adicional a $0.07 por 30 meses desde el cierre.

La empresa pagó $1,500 en comisiones de intermediación y emitió 30,000 warrants para corredores para la segunda tranche. Los ingresos netos se utilizarán para necesidades de capital de trabajo. Los valores emitidos están sujetos a un período de retención legal hasta 26 de enero de 2025. Boron One, con sede en Victoria, B.C., es una empresa internacional de exploración mineral con activos de boro en Serbia, que cotiza en la TSX Venture Exchange bajo el símbolo 'BONE'.

Boron One Holdings Inc. (TSXV:BONE)는 비중개 유닛 사모펀드 자금 조달 마감 발표를 하였습니다. 회사는 첫 번째 분할로 $258,500을 모금했고, 5,171,000 유닛을 판매하였으며, 두 번째 분할에서는 1,880,000 유닛$0.05 per unit 가격으로 발행하여 $94,000을 모금했습니다. 각 유닛은 하나의 보통주와 하나의 워런트로 구성되며, 각 워런트는 마감일로부터 30개월 동안 추가 보통주를 $0.07에 구매할 수 있도록 해줍니다.

회사는 두 번째 분할에 대해 $1,500의 중개 보수를 지급하고 30,000개의 중개인 워런트를 발행했습니다. 순수익은 운영 자본 요구 사항에 사용될 것입니다. 발행된 증권은 2025년 1월 26일까지 법적 보유 기간의 적용을 받습니다. Boron One은 B.C. 빅토리아에 본사를 두고 있는 국제 광물 탐사 회사로, 세르비아에 붕소 자산을 보유하고 있으며, 'BONE' 심볼로 TSX Venture Exchange에 상장되어 있습니다.

Boron One Holdings Inc. (TSXV:BONE) a annoncé la clôture de son placement privé d'unités sans intermédiaire. L'entreprise a levé $258,500 lors de la première tranche grâce à la vente de 5,171,000 unités, et $94,000 lors de la deuxième tranche en émettant 1,880,000 unités à $0.05 par unité. Chaque unité est composée d'une action ordinaire et d'un warrant, chaque warrant permettant l'achat d'une action ordinaire supplémentaire à $0.07 pendant 30 mois à partir de la clôture.

L'entreprise a payé $1,500 de frais de courtage et a émis 30,000 warrants pour courtiers pour la deuxième tranche. Les produits nets seront utilisés pour les besoins en fonds de roulement. Les titres émis sont soumis à une période de blocage légale jusqu'au 26 janvier 2025. Boron One, dont le siège est à Victoria, C.-B., est une entreprise internationale d'exploration minière avec des actifs en bore en Serbie, cotée à la TSX Venture Exchange sous le symbole 'BONE'.

Boron One Holdings Inc. (TSXV:BONE) hat den Abschluss ihrer nicht vermittelte Privatplatzierung von Einheiten bekannt gegeben. Das Unternehmen hat in der ersten Tranche $258,500 durch den Verkauf von 5,171,000 Einheiten eingenommen, und in der zweiten Tranche $94,000 durch die Ausgabe von 1,880,000 Einheiten zu $0.05 pro Einheit. Jede Einheit besteht aus einer Stammaktie und einem Warrant, wobei jeder Warrant den Kauf einer zusätzlichen Stammaktie zu $0.07 für 30 Monate ab dem Abschluss ermöglicht.

Das Unternehmen zahlte $1,500 an Vermittlergebühren und gab für die zweite Tranche 30,000 Vermittler-Warrants aus. Die Nettomittel werden für Betriebskapitalanforderungen verwendet. Die ausgegebenen Wertpapiere unterliegen einer gesetzlichen Haltedauer bis zum 26. Januar 2025. Boron One mit Sitz in Victoria, B.C. ist ein internationales Mineralexplorationsunternehmen mit Borreserven in Serbien und ist an der TSX Venture Exchange unter dem Symbol 'BONE' notiert.

Positive
  • Raised total gross proceeds of $352,500 through two tranches of financing
  • Issued warrants with potential for additional capital at $0.07 per share
  • Strengthened working capital position
Negative
  • Potential dilution of existing shareholders due to new share issuance
  • Relatively small amount of capital raised may not be sufficient for long-term operations

VICTORIA, BC / ACCESSWIRE / September 25, 2024 / Boron One Holdings Inc. ("Boron One" or the "Company") (TSXV:BONE) is pleased to announce that it has closed the second and final tranche of its non-brokered Unit Private placement (the "Financing"). In the first tranche the Company raised proceeds of $258,500 through the sale of 5,171,000 Units. In the second tranche the Company accepted subscriptions for 1,880,000 Units at a price of $0.05 per unit, for gross proceeds of $94,000. The Company paid finders fees on the second tranche to a qualified finder of $1,500 cash and issued 30,000 broker warrants, which are on the same same terms as the warrants forming part of the Units.

Pursuant to the terms of the Financing, each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share for $0.07 for a period of 30 months from the date of closing.

The Company intends to use the net proceeds of the Offering for working capital requirements.

Securities issued on this closing are subject to a statutory hold period until January 26, 2025.

On behalf of the Board of Directors,
Tim Daniels, President

About Boron One Holdings Inc.

Boron One Holdings Inc. is an international mineral exploration and development company with boron assets in Serbia. Headquartered in Victoria, B.C., Canada, Boron One's shares are traded on the TSX Venture Exchange under the symbol "BONE". For detailed information please see Boron One's website at www.boronone.com or the Company's filed documents at www.sedar.com..

For further information, please contact:

Boron's Public Quotations:

Boron One Holdings Inc.

Canada

Blake Fallis, General Manager

TSX Venture:BONE

Phone: 1-250- 384-1999 or 1-888-289-3746

Berlin:EKV

nfo@boronone.com

US: SEC 12G3-2(B) #82-4432ERVFF

www.boronone.com

OTCBB:ERVFF

Forward-Looking Statement Disclaimer

Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could," "intend," "expect," "believe," "will," "projected," "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the RN Property, the Acquirors and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Boron One Holdings Inc.



View the original press release on accesswire.com

FAQ

How much did Boron One Holdings (ERVFF) raise in its recent financing?

Boron One Holdings raised a total of $352,500 in its recent financing, with $258,500 from the first tranche and $94,000 from the second tranche.

What is the exercise price and duration of the warrants issued by Boron One (ERVFF)?

The warrants issued by Boron One have an exercise price of $0.07 and are valid for a period of 30 months from the date of closing.

When does the statutory hold period end for the securities issued in Boron One's (ERVFF) recent financing?

The statutory hold period for the securities issued in Boron One's recent financing ends on January 26, 2025.

What is the intended use of proceeds from Boron One's (ERVFF) recent financing?

Boron One intends to use the net proceeds from the financing for working capital requirements.

BORON ONE HOLDINGS INC

OTC:ERVFF

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