Boron One Announces Closing of Financing

Rhea-AI Summary

Boron One Holdings (ERVFF) has successfully closed a financing round, raising $206,000 through the issuance of 4,120,000 units priced at $0.05 per unit. Each unit consists of one common share and one purchase warrant, with warrant exercise prices set at $0.05 for the first year and $0.07 for two additional years. The securities will have a standard four-month and one-day hold period. The company, which focuses on boron asset exploration and development in Serbia, plans to use the proceeds for working capital. The private placement remains subject to necessary approvals, including TSX Venture Exchange authorization.

Positive

• Secured $206,000 in new financing for working capital
• Warrant structure provides potential for additional future funding at higher prices ($0.07)

Negative

• Small financing amount of only $206,000 indicates limited funding scope
• Significant dilution with 4,120,000 new units at a low price of $0.05
• Additional dilution potential from warrant exercise

VICTORIA, BC / ACCESS Newswire / June 19, 2025 / Boron One Holdings Inc. ("Boron One" or the "Company") [TSXV:BONE]") is pleased to announce that the Company has accepted subscriptions for 4,120,000 units at a price of $0.05 per unit, for gross proceeds of $206,000. Each unit is comprised of one common share and one common share purchase warrant, exercisable at $0.05 for one year, and $0.07 for 2 further years.

The Common Shares and Warrants comprising the Units will be 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.

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.

SOURCE: Boron One Holdings Inc.

View the original press release on ACCESS Newswire

FAQ

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

Boron One Holdings raised $206,000 through the issuance of 4,120,000 units priced at $0.05 per unit.

What are the terms of ERVFF's warrant exercise prices?

The warrants are exercisable at $0.05 for the first year and $0.07 for two additional years.

How will Boron One use the proceeds from this financing?

The company intends to use the net proceeds for working capital requirements.

What is the hold period for the new securities issued by ERVFF?

The Common Shares and Warrants will have a four-month and one day hold period.

What is Boron One Holdings' main business focus?

Boron One Holdings is an international mineral exploration and development company with boron assets in Serbia.