Business
Boron One Announces Proposed Private Placement
Not for distribution in the United States VICTORIA, BC / ACCESSWIRE / May 15, 2023 / Boron ...
About this update from Boron One Holdings Inc
[{"type":"text","content":"Boron One Announces Proposed Private PlacementNot for distribution in the United StatesVICTORIA, BC / ACCESSWIRE / May 15, 2023 / Boron One Holdings Inc. (\"Boron One\") (TSXV:BONE) announces that, subject to the approval of the TSX Venture Exchange (the \"TSXV\"), it intends to complete a non-brokered private placement offering of up to 7,142,857 units (\"Units\") at a price of $0.07 per Unit for gross proceeds of up to $500,000 (the \"Private Placement\"). Each Unit is comprised of one Common Share and one Warrant which will be exercisable into one (1) Common Share of the Corporation (each a \"Warrant Share\"). Each Warrant will have a term of two (2) years and will entitle the holder to purchase one (1) Warrant Share at a price of $0.15 per share following the closing date.The Warrants also have an acceleration clause whereby if the Common Shares trade on the TSXV at a price equal or greater than the designated trigger price of $0.25 for more than ten (10) consecutive trading days, Boron One shall have the right to give written notice to the holder requiring the holder to exercise the Warrant, in whole or in part, within a period of thirty (30) days from the date of receipt of notice from Boron One.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 TSXV and applicable securities legislation.The net proceeds from this financing will be used to fund further development of its wholly owned Piskanja boron project in Serbia, and for working capital purposes.This offering will be carried on a private placement basis pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.On behalf of the Board of Directors,Blake Fallis, General ManagerAbout Boron OneBoron 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\" and the OTC PINK Venture Market under the symbol \"ERVFF\". 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's Public Quotations:For further information, plea...