Boron One Holdings Closes $506,750 Private Placement

Boron One Holdings Inc. announced the successful closure of its previously declared private placement. The company raised gross proceeds of $506,750 by issuing 10,135,000 units at $0.05 each. Each unit includes one common share and one warrant, exercisable over three years. The exercise price for the first year is $0.05, increasing to $0.10 for the subsequent years. The company may accelerate the expiry if certain stock price conditions are met.

The units bear a four-month and one-day hold period. Related parties acquired a portion of the issuance. Boron One plans to utilize the net proceeds for working capital. A fee of $19,250 and 231,000 broker warrants were paid to qualified finders. The private placement awaits necessary approvals.