Boron One Announces First Closing of Financing
Rhea-AI Summary
Boron One Holdings (TSXV:BONE) has announced the first closing of its financing round, raising $401,000 through the issuance of 10,025,000 units at $0.04 per unit. Each unit consists of one common share and one purchase warrant, exercisable for three years at $0.05 in the first year and $0.07 in the following two years, with an acceleration option if shares trade at $0.10 for 10 trading days.
The company paid $13,000 in finder's fees and issued 325,000 broker warrants. The private placement includes a related party transaction of 75,000 units to one insider. Proceeds will be used for working capital requirements, subject to TSX Venture Exchange approval.
Positive
- Successfully raised $401,000 in new capital
- Three-year warrants provide potential additional funding through exercise
- Limited insider participation (75,000 units) indicates confidence while maintaining minimal dilution from related parties
Negative
- Significant dilution with 10,025,000 new units being issued
- Low unit price of $0.04 indicates challenging market conditions
- Additional dilution possible through warrant exercises
VICTORIA, BC / ACCESS Newswire / August 22, 2025 / Boron One Holdings Inc. ("Boron One" or the "Company") (TSXV:BONE) is pleased to announce that the Company has accepted subscriptions for 10,025,000 units at a price of
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.
Related parties transactions account for 75,000 of the units to be issued to one insider, making this a related party transaction. The Company is relying 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
The Company intends to use net proceeds of the Private Placement for working capital requirements.
The Company paid finder's fees to a qualified finder of
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's Public Quotations: | |
Boron One Holdings Inc | Canada |
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 Supreme'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 Supreme'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 Holdings (TSXV:BONE) raise in its latest financing round?
What are the terms of Boron One's (TSXV:BONE) warrant exercise prices?
How will Boron One (TSXV:BONE) use the proceeds from this financing?
What insider participation was there in Boron One's (TSXV:BONE) financing?
What finder's fees did Boron One (TSXV:BONE) pay for this financing?
