Boron One Announces Closing of Financing
Rhea-AI Summary
Boron One Holdings (TSXV:BONE) has successfully closed its previously announced non-brokered private placement, raising $206,000 through the issuance of 4,120,000 units at $0.05 per unit. Each unit consists of one common share and one warrant, exercisable at $0.05 for the first year and $0.07 for two additional years.
Notable insider participation accounted for 21.96% of the units issued, with two insiders subscribing for 905,000 units. The securities are subject to a four-month and one-day hold period, and the company plans to use the net proceeds for working capital requirements.
Positive
- Secured $206,000 in new funding for working capital
- Significant insider participation (21.96%) demonstrates management confidence
- Flexible warrant structure provides potential for additional future funding
Negative
- Relatively small financing amount may indicate limited investor interest
- Dilutive effect on existing shareholders
- Low unit price of $0.05 suggests challenging market conditions
News Market Reaction 1 Alert
On the day this news was published, ERVFF gained 11.44%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
VICTORIA, BC / ACCESS Newswire / July 10, 2025 / Boron One Holdings Inc. ("Boron One" or the "Company") (TSXV:BONE) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Financing"). The Company accepted subscriptions for 4,120,000 units at a price of
Pursuant to the terms of the Financing, each unit is comprised of one common share and one common share purchase warrant, exercisable at
Two insiders subscribed for a total of 905,000 Units of the Company, representing
The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider participation.
The Common Shares and Warrants comprising the Units are subject to a four-month and one day hold period in accordance with the policies of the TSX Venture Exchange and applicable securities legislation.
The Company intends to use net proceeds of the Private Placement for working capital requirements.
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: |
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 ACCESS Newswire
FAQ
How much did Boron One Holdings (TSXV:BONE) raise in its latest private placement?
What are the terms of Boron One's warrant structure in the July 2025 financing?
What was the level of insider participation in Boron One's private placement?
How will Boron One use the proceeds from the private placement?
What is the hold period for the securities issued in Boron One's financing?
