Boron One Announces Closing of Financing

Rhea-AI Summary

Boron One (OTC:ERVFF / TSXV:BONE) closed a private placement on March 11, 2026, issuing 10,135,000 units at $0.05 per unit for gross proceeds of $506,750. Each unit includes one common share and one three-year warrant with staged exercise prices and acceleration provisions.

Related parties subscribed for 240,000 units to one insider. The company paid $19,250 in finder's fees and issued 231,000 broker warrants. Proceeds are intended for working capital and securities are subject to a four-month-and-one-day hold.

Positive

• Gross proceeds of $506,750 raised
• 10,135,000 units issued to strengthen cash runway
• Warrants extend three years, offering potential future capital

Negative

• Issuance causes share and warrant dilution if exercised
• 240,000 units issued to an insider (related party transaction)
• 4-month hold period limits immediate liquidity for new shares
• Finder's fees of $19,250 plus 231,000 broker warrants

VICTORIA, BC / ACCESS Newswire / March 11, 2026 / Boron One Holdings Inc. ("Boron One" or the "Company") (TSXV:BONE) announced that the Company has closed its previously announced private placement ("Private Placement"). The Company accepted subscriptions totaling 10,135,000 units at a price of $0.05 per unit, for gross proceeds of $506,750. Each unit is comprised of one common share and one common share purchase warrant, exercisable for three years from the date of closing, at an exercise price of $0.05 in the first year, and $0.10 in the following two years (the "Warrant Exercise Period"), subject to the Corporation's option to accelerate the expiry date if the stock trades at $0.12 per common share for the initial exercise period and $0.22 per common share for the subsequent period.

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.

Related parties transactions accounted for 240,000 of the units to be issued to one insider, making this a related party transaction. The Company relied upon exemptions contained in sections 5.5(a) and 5.7 (a) of MI 61-101 as the fair market value of the shares being issued to the insider is less than 25% of the market capitalization of the Company.

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

The Company paid finder's fees to qualified finders of $19,250 and issued 231,000 broker warrants.

The Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval from the TSX Venture Exchange.

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 One Holdings Inc Blake Fallis, General Manager Phone: 1-250- 384-1999 or 1-888-289-3746 info@boronone.com www.boronone.com

Boron's Public Quotations: Canada TSX Venture:BONE Berlin:EKV US: SEC 12G3-2(B) #82-4432ERVFF OTCBB:ERVFF

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.

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information and forward-looking statements (collectively, "forward-looking information"). Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "proposed", "estimates", "would", "expects", "intends", "plans", "may", "will", and similar expressions, although not all forward-looking information contain these identifying words.

More particularly and without limitation, the forward‐looking information in this news release includes: expectations regarding the Company's business plans and operations. Forward-looking information is based on a number of factors and assumptions that have been used to develop such information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the Company's current expectations, assumptions and/or beliefs based on information currently available to the Company.

Whether actual results, performance, or achievements will conform to Boron's expectations and predictions is subject to a number of known and unknown risks and uncertainties, which could cause actual results and experience to differ materially from Boron's expectations. Such material risks and uncertainties include, but are not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals.

Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.

SOURCE: Boron One Holdings Inc.

View the original press release on ACCESS Newswire

FAQ

How much did Boron One (ERVFF) raise in the March 11, 2026 private placement?

The company raised $506,750 in gross proceeds from the private placement. According to the company, this came from 10,135,000 units sold at $0.05 per unit, each including one share and one three-year warrant.

What are the warrant terms issued by Boron One (ERVFF) in the March 11, 2026 financing?

Warrants are exercisable for three years with staged prices of $0.05 then $0.10. According to the company, an acceleration feature shortens expiry if specific trading price thresholds are met.

Did the Boron One (ERVFF) private placement involve related parties and what size?

Yes; 240,000 units were issued to one insider as a related party transaction. According to the company, exemptions under MI 61-101 were relied upon because the value was under 25% of market capitalization.

How will Boron One (ERVFF) use the proceeds from the March 11, 2026 placement?

The company intends to use net proceeds for working capital requirements. According to the company, funds are allocated to general corporate and operational needs rather than a specific capital project.

What shareholder impacts should investors expect from Boron One's (ERVFF) financing?

Investors should expect dilution risk if warrants are exercised and a four-month hold on new shares. According to the company, finder fees and broker warrants were also issued, modestly increasing outstanding rights.