Boron One Announces Unit Financing
Rhea-AI Summary
Boron One Holdings Inc. (TSXV:BONE) has announced a non-brokered private placement to raise up to $350,000 by issuing up to 7,000,000 units at $0.05 per unit. Each unit includes one common share and one warrant, allowing the holder to purchase an additional share at $0.07 for 30 months. The securities will have a four-month and one-day hold period. Proceeds will be used for working capital. The company may pay finder's fees, and the placement is subject to regulatory approvals, including from the TSX Venture Exchange.
Boron One is an international mineral exploration company focused on boron assets in Serbia. It trades on the TSX Venture Exchange under the symbol 'BONE'.
Positive
- Raising up to $350,000 through private placement for working capital
- Offering units at $0.05 with warrants exercisable at $0.07, potentially attracting investors
- 30-month warrant period provides extended opportunity for additional capital
Negative
- Potential dilution of existing shareholders' stakes due to new share issuance
- Four-month hold period may limit short-term liquidity for new investors
- Dependence on regulatory approvals for the private placement to proceed
News Market Reaction
On the day this news was published, ERVFF declined 23.96%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
VICTORIA, BC / ACCESSWIRE / September 4, 2024 / Boron One Holdings Inc. ("Boron One" or the "Company") (TSXV:BONE) is pleased to announce that it is undertaking a non-brokered private placement (the "Private Placement") of up to
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 Company will pay a finder's fee to qualified finders who assist in selling the Units, in cash or securities or a combination of both, as permitted by TSX Venture Exchange policy and applicable securities laws.
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 accesswire.com
FAQ
What is the size and price of Boron One's (TSXV:BONE) private placement announced on September 4, 2024?
What do the units in Boron One's (TSXV:BONE) private placement consist of?
How will Boron One (TSXV:BONE) use the proceeds from the September 2024 private placement?
What is the hold period for securities issued in Boron One's (TSXV:BONE) September 2024 private placement?
